Millpond Professional Center 

7663 Cita Lane | Trinity, Florida 34653

Contact Brokers

James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • Recession Proof Tenants - A majority of the tenants are essential businesses who are more immune from fluctuations in the economy. During the COVID-19 pandemic, all tenants paid full rent on-time.

  • Fastest Growing Submarket in Tampa Bay - Trinity is uniquely located less than 30 minutes from Tampa’s central business district. 5,000+ single family homes are currently under development.

  • Surrounded by Brand New Commercial Developments - More than 2 Million square-feet of commercial property has been developed along the State Road 54 corridor.

  • Medical Office Tenants are the Darling of Real Estate - Investors looking to hedge against inflation, recession, and overdevelopment are purchasing medical office properties to improve the strength of their portfolios and overall return.

Description

Marcus & Millichap is pleased to exclusively offer for sale Millpond Professional Center, a 24,769-square-foot office center located in Tampa Bay MSA. The subject property is 100 percent leased with a tenant mix of essential businesses immune from fluctuations in the economy, like pandemics and recessions. During the COVID-19 pandemic, all of the tenants paid full rent on-time. No rent concessions or abatements were needed. By having established, essential businesses as tenants, an investor can have more stable income stream with consistent, above market returns. The subject property is located in the fastest growing submarket in Tampa Bay. Trinity is uniquely located less than 30 minutes from Tampa’s central business district and along the beautiful Gulf of Mexico. Residents are drawn to the live-work-play lifestyle that Trinity provides families. More than 5,000 single family homes are currently under development in more than six large, master planned communities. More than 2 Million square-feet of commercial property have been developed along the State Road 54 corridor as well. With the immense growth and expansion in the immediate area, Millpond Professional Center is certain to see increased demand and rapidly increasing rents which a new owner can take advantage of during near-term lease renewals.