Curlew Business Center
2300 Curlew Road, Palm Harbor, FL 34683
Contact Brokers
James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834
Marc Ayala
Senior Analyst
Marc.Ayala@MarcusMillichap.com
(O) 813-387-4709
FL #SL3566726
Highlights
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CANDIDATE FOR SBA LOAN IF BEING PURCHASED BY AN OWNER/USER - CONTACT LISTING AGENT FOR DETAILS
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PRICED WELL BELOW REPLACEMENT COST - RARE OPPORTUNITY TO PURCHASE SIGNIFICANTLY BELOW THE COST OF NEW CONSTRUCTION
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LOCATED JUST ONE BLOCK FROM HOME DEPOT, WALGREENS, CVS, PUBLIX, MCDONALDS AND OTHER NATIONAL RETAILERS
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LONG -TERM HISTORICAL OCCUPANCY BY CURRENT AND PAST TENANTS. LOW TURNOVER PROVIDES A STABLE INCOME STREAM AND LOW COST OF OWNERSHIP
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EXCELLENT OPPORTUNITY FOR A BUSINESS TO OWN THEIR OFFICE SPACE AND LEASE TO THE EXISTING TENANTS. STRONG IN-PLACE CASH FLOW WILL RESULT IN LOW OCCUPANCY COSTS FOR A NEW OWNER
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CONVERT EXISTING VACANCY TO EXECUTIVE OFFICE SPACE WHICH WILL GENERATE A PREMIUM OVER PRO FORMA CASH FLOW
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OVER 200,000 RESIDENTS LOCATED WITHIN A 5-MILE RADIUS WITH AN AVERAGE HOUSEHOLD INCOME OF $99,223 PER YEAR
Description
Marcus & Millichap has been selected to exclusively market for sale Curlew Office Center. This is a prime opportunity for an owner/user or investor to purchase a well maintained, quality office building for substantially below
replacement cost. With the bottom floor recently being vacated by a long term tenant, the vacant space is turn-key for a new business, including furniture and fixtures! This is the perfect opportunity for an existing business to reduce their monthly occupancy and mortgage cost by collecting rent from other tenants in the building. Alternatively, this property also provides an entrepreneurial investor the opportunity to stabilize a well located, under performing asset. No near term capital improvements are required and value can be added immediately for little to no cost.
Curlew Office Center is located just one block west of the intersection of Curlew Road and US 19 which sees over 115,000 cars per day. Over 200,000 affluent residents reside within a five-mile radius of the subject property. Demand for suburban office space close to home will continue to increase as lifestyle is prioritized over space located in dense, downtown office markets.