Park Blvd Value Add Retail Center

John Burpee & Associates is proud to present the Value-Add PARK BLVD Retail Plaza for your consideration. Located at 6328 Park Blvd, Pinellas Park Florida 33781 is an excellent opportunity for an investor to create value internally with mark to market lease renewals and renovations.

The property is currently 100% occupied at below market rates with long term tenants. All tenants are on annual leases giving a new owner the opportunity to immediately raise rents upon lease renewals before the end of 2019.

Based on the current rent roll attached 4,200 sqft of the tenant base is currently $3 to $6 PSF under market rents for the area with the remaining 3,488 sqft at $1 to $2 per square foot under market rents.