03502 Mariner Holdings, LLC

3502-3510 Mariner Blvd.

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    Project Description

    The subject is a 4,600-square foot, one-story, medical office building located at 3502-3510 Mariner Blvd in Spring Hill, Florida. The improvements were constructed in 1992 and are situated on a total 2.14-acre gross site. However, the improvements are located on the southwest portion of the site with the remainder of the site is vacant and available for future development. The subject has a supporting land area of 0.78 acres with 1.36-acres of excess land indicating a 7.4 land to building ratio which is supported by the sale and rent comparable range. The subject is comprised of three units which are occupied by entities related to the ownership of the real estate under non-arm’s length leases making the property effectively owner-occupied.

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