Akumin | 7239 US-301
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Akumin 7239 US-301
4,225 SF Office Building Riverview, FL 33578 £1,275,988 (£302/SF) 4.75% Net Initial Yield
Investment Highlights
- Single Tenant Medical Office with Below Market Rent and Future Upside
- Located in Rapidly Growing Hillsborough County Surrounded by Substantial Residential Development and Top Ranked Hospitals
- Excellent Access and Visibility Along US-301 (59,500 AADT)
- Akumin Inc. is a Leading Provider of Outpatient Radiology and Oncology Services with 210 Locations Across 21 States
- Dynamic Tampa Bay Submarket with 75% Population Growth Since 2000
- No State Income Tax in Florida
Executive Summary
The subject property is prominently located with frontage on US Highway 301 South (59,500 AADT). The site benefits from robust and dense demographics with a population of 217,619, 1.09% annual population growth rate, and average household income of $105,011 all within a 5-mile radius.
The site benefits from a prominent retail location within the US-301 corridor, a major north-south arterial that runs parallel to I-75 and connects to the greater Tampa Bay Area.
Three notable hospitals are in proximity to the site. AdventHealth Riverview (202 beds) is within 1.5 miles. HCA Florida Riverview Emergency, a 24/7 emergency care facility with 11 private patient rooms, is within 5 miles. St. Joseph’s Hospital South is within 7 miles of the site. Named one of the Top 100 Hospitals in the U.S. by Fortune/Merative, St. Joseph’s completed a $120 million expansion project in February 2021 to increase its bed capacity from 112 to 223.
Riverview is located 12 minutes southeast of Tampa, the 3rd largest city in Florida and one of the fastest growing cities in the U.S., with more than 50,000 people moving to the area each year. The Tampa Bay Area is experiencing significant development as well. Tampa MSA’s GDP is approximately $219.4 billion, ranking it 17th among U.S. metropolitan areas.
In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ1059597
The site benefits from a prominent retail location within the US-301 corridor, a major north-south arterial that runs parallel to I-75 and connects to the greater Tampa Bay Area.
Three notable hospitals are in proximity to the site. AdventHealth Riverview (202 beds) is within 1.5 miles. HCA Florida Riverview Emergency, a 24/7 emergency care facility with 11 private patient rooms, is within 5 miles. St. Joseph’s Hospital South is within 7 miles of the site. Named one of the Top 100 Hospitals in the U.S. by Fortune/Merative, St. Joseph’s completed a $120 million expansion project in February 2021 to increase its bed capacity from 112 to 223.
Riverview is located 12 minutes southeast of Tampa, the 3rd largest city in Florida and one of the fastest growing cities in the U.S., with more than 50,000 people moving to the area each year. The Tampa Bay Area is experiencing significant development as well. Tampa MSA’s GDP is approximately $219.4 billion, ranking it 17th among U.S. metropolitan areas.
In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ1059597
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,225 SF
Building Class
C
Year Built
1987
Price
£1,275,988
Price Per SF
£302
Net Initial Yield
4.75%
NOI
£60,593
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,225 SF
Building FAR
0.20
Lot Size
0.49 AC
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PROPERTY TAXES
Parcel Number | U-17-30-20-ZZZ-000002-96550.0 | Improvements Assessment | £255,228 |
Land Assessment | £195,215 | Total Assessment | £450,443 |
PROPERTY TAXES
Parcel Number
U-17-30-20-ZZZ-000002-96550.0
Land Assessment
£195,215
Improvements Assessment
£255,228
Total Assessment
£450,443
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Akumin | 7239 US-301
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