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The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
OFFERING SUMMARY
Sale Price: $775,000
Cap Rate: 6.16%
NOI: $47,720
Available SF: 1500
Lot Size: 0.41 Acres
Building Size: 3,923 SF
Zoning: CG- Commercial
General
Market: Tampa-St.
Petersburg-Clearwater
Submarket: South Tampa
Price / SF: $197.55
Listing Agent: Swapna Shah
PROPERTY OVERVIEW
GREAT INVESTMENT OPPORTUNITY South Tampa Retail StripCenter-4 units on S-Dale Mabry Hway. Next to HomeDepot,Gandy Blvd, Publix,Starbucks & residential & RetailBusiness
Great upside potential on this property ,Long term tenantssome longer then 10 yrs but owner is executing only yearlylease so Buyer has fexiliblity with leases
Currently 3 out of 4 units has been leased & 4th unit 1500 sqftis available to lease for projected rent for $16 per sq. feet.
PLEASE SEE ATTACHED RENTROLL & INCOME/EXPENSEINFORMATION
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
EXECUTIVE SUMMARY
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
SALE HIGHLIGHTS
• NEAR GANDY BLVD & NEXT TO HOME
DEPOT ON S DALE MABRY HWY
• SOUTH TAMPA RETAIL -STRIP CENTER
WITH INCOME PRODUCING 4 UNITS
• GREAT INCOME PRODUCING
INVESTMENT PROPERTY NEAR RETAIL &
RESIDENTIAL AREA.
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
COMPLETE HIGHLIGHTS
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
ADDITIONAL PHOTOS
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
LOCATION MAPS
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
POPULATION 1 MILE 3 MILES 5 MILES
Total population 14,505 64,951 111,672
Median age 41.5 39.5 39.1
Median age (Male) 39.7 38.5 37.9
Median age (Female) 44.4 40.6 40.1
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 6,646 29,475 50,660
# of persons per HH 2.2 2.2 2.2
Average HH income $69,012 $87,847 $93,271
Average house value $295,215 $365,014 $411,857
* Demographic data derived from 2010 US Census
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
DEMOGRAPHICS MAP & REPORT
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
5235 S. Dale Mabry Highway
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
AERIAL MAPS
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
RETAILER MAP
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
TENANTNAME
UNITNUMBER
UNITSIZE(SF)
LEASESTART
LEASEEND STATUS LENGTH
ANNUALRENT
%OF
GLA
PRICEPER
SF/YR
Global Pioneer Busin.
Solutions
5235 700 3/1/
2019
2/29/
2020
$8,995 17.84 $12.85
Judy's Tayloring 5237 700 10/
12018
9/30/
2019
$9,240 17.84 $13.20
Toni's Barber Shop 5241 900 4/1/
2017
3/31/
2020
$15,417 22.94 $17.13
Available 5239 1,500 Projected rent
$16/SF
$24,000 38.24 $16.00
Totals/Averages 3,800 $57,652 $15.17
Actual Gross Potential Rent* $-
Projected Gross Potential Rent** $-
*Actual Gross Potential Rent is based on current rents.**Projected Gross Potential Rent is based on market rents.
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
RENT ROLL
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
INVESTMENT OVERVIEW
Price $775,000
Price per SF $197.55
CAP Rate 6.2%
Cash-on-Cash Return (yr 1) 6.16 %
Total Return (yr 1) $47,720
Debt Coverage Ratio -
OPERATING DATA
Gross Scheduled Income $57,562
Other Income -
Total Scheduled Income $57,652
Vacancy Cost -
Gross Income $57,652
Operating Expenses $9,932
Net Operating Income $47,720
Pre-Tax Cash Flow $47,720
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
FINANCIAL SUMMARY
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
INCOME SUMMARY
Rent $33,652Other Income- Projected rent for available unit $24,000
Gross Income $57,652
EXPENSE SUMMARY
Repairs and Maintenance $600Insurance $3,500Property Tax $5,832
Gross Expenses $9,932
Net Operating Income $47,720
SOUTH TAMPA RETAIL STRIP CENTER- 4 UNITS ON S. DALE MABRY
5235 S. Dale Mabry Highway , Tampa, FL 33611
INCOME & EXPENSES
SWAPNA SHAH
Commercial Realtor
ADVISOR BIO
PROFESSIONAL BACKGROUND
Swapna Shah has a strong rapport and extensive professional experience working with the
Tampa Bay community, and a passion for commercial real estate. She has demonstrated
leadership qualities and is known in different venues as persuasive and getting the job done.
Swapna has vast professional network and has been a Tampa Bay resident for over 25 years with
personal experience investing in commercial real estate as an owner. When Swapna needed real
estate experts 10 years ago to advise her regarding her commercial real estate needs, she turned
to Grimaldi Commercial Realty, Tampa’s most branded company. Because of Grimaldi
Commercial Realty’s integrity and straight forwardness in their dealings, she was left with such a
positive impression. When Swapna ventured into real estate brokerage she knew that she wanted
the finest Commercial Real Estate Company to mentor her to become a top notch real estate
professional.
Swapna’s own experience buying, selling and leasing has given her a keen understanding of
client’s needs. She is a poised and competent leader in our community and is capable and
passionate about turning client’s dreams into realties.
Swapna has a degree in Business Administration
EXPERTTISE
Hotels/Motels
Office/Medical
Investment Properties
Convenience stores/Gas Stations
1031 Exchanges
CONTACT
Swapna Shah
Cell: (813) 789-4142 | Fax: (813) 960-9830
www.GrimaldiCommercialRealty.com
ADVISOR BIO
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]
Contact your Sales & Leasing Staff at Grimaldi Commercial Realty Corp.
GRIMALDI COMMERCIAL REALTY CORP.COMPANY BACKGROUND AND SERVICES
EST. 1975, EXPERIENCE IS THE DIFFERENCEGrimaldi Commercial Realty Corp. has been serving the Tampa Bay and surrounding areas in Florida since 1975. Our vastexperience and unparalleled knowledge and presence in the local market makes us the professional of choice in commercial realestate and investment properties. We have the Commercial and Investment markets totally unmatched with a team of experiencedagents that specialize in all sectors of the commercial market:
We utilize the latest in technology being affiliated with over 40+ local, national, and international commercial marketing sites to aggressively market andmove our listings to closing quickly.
Grimaldi Commercial Realty Corp. performs a careful assessment of each client’s needs before creating the perfect andspecialized marketing plan for each property. Our philosophy of continuing hands-on involvement throughout the entire processhas led to continued success and growth since 1975. One of Tampa Bay’s premier and acknowledged commercial real estateexperts, Grimaldi Commercial Realty Corp. provides a personalized and professional service approach with a history of long-termclient relationships.
• Seller & Buyer Representation• Landlord & Tenant Representation• Investment & Financial Analysis• Property Valuation• Short sales & Foreclosures
• Property Management• Multifamily and Income Producing Investments• Land Sales & Development• Retail and Office Sales & Leasing• Industrial Sales & Leasing
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Grimaldi Commercial Realty Corp. has not verified, and will not verify, any ofthe information contained herein, nor has Grimaldi Commercial Realty Corp. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding
the accuracy or completeness of the information provided. All potential buyers and tenants must take appropriate measures to verify all of the information set forth herein.
Kari L. Grimaldi/ [email protected]