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SHOPPES AT OAKGROVE—OFFERING MEMORANDUMInformation provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice.LUTZ, FL
EXECUTIVE SUMMARY24434 SR 54INCOMELutz, FL 33559Price 461,007.4Price/SF 138.23Cap Rate6.75%Gross Leasable Area (GLA)3216 SFBase Rent 34,251.24CAM 13,666.44TOTAL INCOME 47,917.68ITEMIZED EXPENSESTaxes 5,184Current Occupancy100%Management Fees 3,600Year Built2004Insurance 3,000Property TypeMulti TenantNote: As the rent change is scheduled, by 1/15/2019potential income could go up about 5,095 and the newcap rate about 7.8%Garbage Collection 756Waste Management 720Landscaping Management 1,140Association Fee 2,400TOTAL EXPENSES 16,800NET INCOME 31,118*Based on 3/31/2018 start dateInformation provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice.
RENT ROLLTENANTGLAANNUAL BASERENTRENT/SFRENT COMMENCELEASE EXPIRATIONOPTIONSCanine Creations Pet Salon768 7,200.00 9.382/1/20141/31/2019NoPersonal Training With Dawn and Sean, Inc1152 12,832.56 11.143/15/20163/14/2019Little Italy's Meatball LLC1296 14,218.68 10.9710/15/201710/14/20223216 34,251.24SUBTOTALCHANGES ONCHANGES TOOne, 2-Year1/31/2019 12,832.56Two, 5-Year10/15/2022 16,003.20Information provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice.
EXECUTIVE SUMMARYInvestment Highlights Easy Access to SR 54 Surrounding retail includes Home Depot, Lowes, Starbucks, McDonald' s and PNC Bank High traffic count Fully Leased, with renewal optionsInvestment SummaryWe are pleased to offer for sale this 3,216 SF Multi tenant building, return on investment is6.75 percent.The property is located at with easy access from SR 54. It caters to the local residents andbusinesses with an average household income of 67,382. The property shares the space withFerman Chrysler Jeep Dodge RAM Tampa, Signarama, Dreamhouse Theatre, Westshore Pizza,Painting with a Twist, and more.Information provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice.
Aerial PhotoInformation provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice.
Ferman hrysler Jeep Dodge RAM Tampa, Signarama, Dreamhouse Theatre, Westshore Pizza, Painting with a Twist, and more. Information provided has been obtained from sources believed reliable, however, Rave Commercial makes no guarantee and they are subject to change without notice. Aerial Photo. Author : Sulakshana Arora Created Date: 2/5/2018 2:26:08 PM .
