for sale - 965 central 965 central, saint petersburg, fl 33701 · 2019-09-17 · 615 9th street n,...

Lisa Ulrich / 727.643.3236 / [email protected] / barkettrealty.comJohn Barkett / 727.388.9500 x21 / [email protected] / barkettrealty.com

FOR SALE - 965 CENTRAL965 Central, Saint Petersburg, FL 33701

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

DEMOGRAPHICS 15

Table of Contents 965 Central, Saint Petersburg, FL 33701


615 9th Street N, St. Petersburg, FL 33701

ContentsConfidentiality & DisclaimerAll materials and information received or derived from Barkett Realty, LLC its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmentalrequirements, developability or suitability, financial performance of the property,projected financial performance of the property for any party’s intended use or anyand all other matters.

Neither Barkett Realty, LLC its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness ofthe any materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished forreview are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Barkett Realty, LLCwill not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigations includingthrough appropriate third party independent professionals selected by such party. Allfinancial data should be verified by the party including by obtaining and readingapplicable documents and reports and consulting appropriate independentprofessionals. Barkett Realty, LLC makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data orassumptions. Barkett Realty, LLC does not serve as a financial advisor to any partyregarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents thatmay be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issuesin order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Barkett Realty, LLC in compliancewith all applicable fair housing and equal opportunity laws.

John Barkett / 727.388.9500 x21 / [email protected] / barkettrealty.comLisa Ulrich / 727.643.3236 / [email protected] / barkettrealty.com

965 Central, Saint Petersburg, FL 33701SECTION 1 - PROPERTY INFORMATION

Investment Grade Property in One Hot Market



Sale Price: Subject To Offer

Building Size: 4,200 SF

Lot Size: 10,200 SF

Number Of Units: 1

Price / SF: -

Cap Rate: 4.96%

NOI: $123,915

Year Built: 1926

Renovated: 2016

Zoning: DC-1

OFFERING SUMMARY PROPERTY OVERVIEWThis investment property is perfect for a 1031 exchange or conventional purchase for safe and growing returns.Watch your money grow 3% each year! Seacoast Bank is the tenant and they have 6 years left on a 10 year leasewith 2(5) year options. Essentially, one has a safe secure Tenant for at least the next 16 years. Tenant has theright to 10 parking spaces in the adjacent parking lot for lease term and for the additional two 5 year renewalterms.

PROPERTY HIGHLIGHTS• -Totally renovated property with A rated Tenant

• -10 parking spaces

• -Safe Investment Grade property

• -Located in the Heart of the Edge District

• -Surrounded by other retail and restaurants

Executive Summary 965 Central, Saint Petersburg, FL 33701



PROPERTY DESCRIPTIONThis investment property is perfect for a 1031 exchange or conventional purchase forsafe and growing returns. Watch your money grow 3% each year! Seacoast Bank is thetenant and they have 6 years left on a 10 year lease with 2(5) year options. Essentially,one has a safe secure Tenant for at least the next 16 years. Tenant has the right to 10parking spaces in the adjacent parking lot for lease term and for the additional two 5year renewal terms.

LOCATION DESCRIPTIONLocated in the very heart of the Edge District with a 90 walkability score and a 96 Bikescore.

Property Description 965 Central, Saint Petersburg, FL 33701



LOCATION INFORMATION

Building Name 965 Central

Street Address 965 Central

City, State, Zip Saint Petersburg, FL 33701

County Pinellas

Signal Intersection No

BUILDING INFORMATION

NOI $123,915.00

Cap Rate 4.96

Building Class B

Occupancy % 100.0%

Tenancy Single

Ceiling Height 12 ft

Minimum Ceiling Height 9 ft

Number Of Floors 1

Year Built 1926

Year Last Renovated 2016

Free Standing No

PROPERTY HIGHLIGHTS• -Totally renovated property with A rated Tenant

• -10 parking spaces

• -Safe Investment Grade property

• -Located in the Heart of the Edge District

• -Surrounded by other retail and restaurants

Complete Highlights 965 Central, Saint Petersburg, FL 33701



Additional Photos 965 Central, Saint Petersburg, FL 33701


965 Central, Saint Petersburg, FL 33701SECTION 2 - LOCATION INFORMATION




Regional Map 965 Central, Saint Petersburg, FL 33701



Location Maps 965 Central, Saint Petersburg, FL 33701



Aerial Maps 965 Central, Saint Petersburg, FL 33701



Site Plan 965 Central, Saint Petersburg, FL 33701



INCOME SUMMARY 965 CENTRAL PER SF

Gross Income - -

EXPENSE SUMMARY 965 CENTRAL PER SF

Gross Expenses - -

Net Operating Income $123,915 $29.50

Income & Expenses 965 Central, Saint Petersburg, FL 33701



TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFBUILDING

PRICEPER SF/YR

Seacoast Bank 4,200 5/11/2015 8/26/2026 $123,900 100.0 $29.50

Totals/Averages 4,200 $123,900 $29.50

Rent Roll 965 Central, Saint Petersburg, FL 33701


965 Central, Saint Petersburg, FL 33701SECTION 3 - DEMOGRAPHICS




POPULATION 1 MILE 3 MILES 5 MILES

Total population 11,010 94,612 230,730

Median age 45.0 40.1 41.0

Median age (Male) 43.2 38.5 39.2

Median age (Female) 45.9 40.8 42.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,782 41,178 98,296

# of persons per HH 1.9 2.3 2.3

Average HH income $41,333 $53,285 $55,263

Average house value $233,091 $225,001 $214,602

* Demographic data derived from 2010 US Census

Demographics Map & Report 965 Central, Saint Petersburg, FL 33701

for sale - 965 central 965 central, saint petersburg, fl 33701 · 2019-09-17 · 615 9th street n,...

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