Listing Agency: Urban Choices Realty LLC

Listed By: Sergio Elbaum · License #3249598

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:14PM

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Investment Insights

Based on property information with market context.

This office property is located at 129-139 S Pebble Beach Blvd in Sun City Center, Florida. The asset is currently 91.25% occupied and reports a 6.75% cap rate.

Interstate 75 is nearby, providing regional roadway connectivity. At 95% occupancy, the pro forma cap rate is 7.11%.

Key Highlights

• 91.25% current occupancy
• Current cap rate of 6.75%
• Pro forma cap rate of 7.11% at 95% occupancy

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Parking Lot & Garage Kitchen & Bath Showroom Daycare Center Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

91.3%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

618

Businesses Nearby

Explore this area Business Placement

Demographics for 33573, FL

30,913

Population

17,168

Households

1.8

Avg Household Size

68

Median Age

34%

College-Educated

94%

High-School Grad

16.8 sq mi

ZIP Area

1,840

Density / Sq Mi

$68,431

Median Household Income

$46,435

Median Earnings

$1,951

Median Rent

$270,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office property positioned near Interstate 75 with convenient roadway access.

Where is this office building located?

The property is located at 129-139 S Pebble Beach Blvd Sun City Center, FL.

What are key features of this property?

This property features: 91.25% current occupancy; Current cap rate of 6.75%; Pro forma cap rate of 7.11% at 95% occupancy