Mill Pond PROFESSIONAL CENTER

Mill Pond Professional Center is a collection of individually owned office/professional buildings currently under development. It is located in the dynamic State Road 54/New Port Richey area (view site map 72kb). The site will have access through the current retail on the parcel from State Road 54 as well as 1 large marquee sign. The site is in immediate proximity to numerous residential communities as well as only 1.6 miles West of the new hospital, The Medical Center of Trinity.

The principals of the Developer of the property, have forty years of collective experience developing commercial property and currently manage the construction of over 100 office buildings in Pasco and Hillsborough Counties.

The site as currently configured has 9 individual buildings ranging from 2.250 sq/ft up to 5,000 sq/ft, which can of course be combined to meet additional square footage requirements. As the site is zoned Commercial 2 (C2) each building has endless possibilities including office, medical, professional as well as retail.

Mill Pond Professional Center has completed 6 of the 9 buildings and has 1 currently under construction. We feel that we have done this with great success, with 11 out of the 14 completed units occupied by tenants and more prospects on the horizon. Please see the list of attachments on the right side of the page for the available floor plans.

The current units available are:
Building 4, 101 and 102
Building 5, 101
Building 7, 101 (see floor plan, Access Healthcare took the back row of offices, 101 unit is now 940 sq/ft)
Building 10 (under construction): 101 and 102

Here is a list of the successful businesses occupying the park:

• Trinity Womens Care, an extremely busy OBGYN that sees 8 patients per hour.
• Trinity Medical Academy, a very successful nursing prep school.
• Speech & Language Therapy Services, INC who helps clients with their speech needs.
• Anett Lopez, P.A. , an attorney's office that handles most legal issues.
• Access Healthcare, an internal medicine group.
• Pop Marketing, a marketing company.
• Dedicated Angel, a senior care agency.
• Debbie Smith, LCSW PA.
• Cory Linick, P.A.
• Harwood Financial Group
   

Executive Suites
We currently have individual offices that we lease out inside our units. Our executive suites include trey ceilings, crown molding, recessed lighting, generous signage, keyless entry, locked individual offices, conference room, refrigerator and break room, conference room, and a beautiful furnished waiting area.

All executive suites include all utilities including internet and range from $325-$500 per month depending on size. All prices include tax.

We are currently seeking tenants that would mix well with some of these trades including a Gynecological Oncologist, Pediatrician, Gastrointerologist, a lab similar to a Quest Diagnostics or Lab Corp, a local pharmacy and many others.

Building interiors can be constructed to your exact specifications to yield maximum value for your occupancy dollar. We provide architectural assistance with interiors and design (view our CUSTOMER SELECTION MEMO 233kb). Our generous interior allowances go a long way towards creating that special environment in which to conduct your business. In addition, we will be happy to recommend financing sources that respond to your requests promptly and professionally (view banking sources 11kb).

These buildings offer additional exterior upgrades such as the beautiful barrel roof as well as decorative spiral columns and a 2 foot roof overhang versus the standard one foot. The feature that stands out the most on this site is the decorator picked colors. The contrast of the 3 colors give the building that added something special to separate them even more than the competition.

This site is also for lease at $15.50 sq/ft triple net. The estimated pass through charges are $3.25 sq/ft per year. The current lease prices, sizes available and terms are as follows:

• 1,250 sq/ft : $1,615/month base rent
• 1,360 sq/ft : $1,757/month base rent
• 2,000 sq/ft : $2,583/month base rent
• 2,500 sq/ft : $3,230/month base rent
• 2,720 sq/ft : $3,514/month base rent
• 3,000 sq/ft : $3,875/month base rent
• 4,000 sq/ft : $5,167/month base rent
• 5,000 sq/ft : $6,460/month base rent

Term: 5 years with renewable options.

CAM: To be determined, but estimated at $3.50 sq/ft per year.

Build out allowance: $15 sq/ft or option of tenant improvement by landlord specified below.

Prior to tenant improvement each unit will have finished and painted walls, concrete floors, finished drywall ceiling, completely installed ceiling lights and electrical outlets, complete plumbing brought into units to include installation of at least 1 bathroom and sink, complete mechanical with AC units, ducts and returns for all units. All impact fees for general office use will be paid.

Escalations: Yr 2-four percent, yr 3-5 three percent per year.

Security Deposit: NONE!

Specifications for Tenant improvements:

• Permitted architectural and engineered plans as required for standard general or medical office space
• Build out of all rooms, reception, waiting rooms & closets including finished walls, textured and painted (2 coats)
• All electrical including outlets and recessed lighting
• All mechanical AC requirements including ducts, vents, returns as required per TI plans
• All additional plumbing requirements as needed for general & medical office including all plumbing needed for up to 3 sinks within patients rooms/hallway
• Doors, door hardware and baseboards
• Reception desk build out made of finished wood and formica counter top
• Flooring includes $2.75 sq/ft flooring allowance
• $1500 for all cabinetry per unit (1,250 sq/ft) including counter tops
• Providing drops (rough in) phone & cable/data and alarm lines. Excluding hardware cost.

We would be pleased to schedule an appointment to show you the property and the available options at your convenience, as well as demonstrate the numerous benefits of ownership to you. Our contracts are simple to read and drafted fairly (view Contract 35kb). The current economic and interest rate environment makes this perhaps the best time in history to own your own building, either for occupancy or for rental investment purposes. Please call us to discuss this further, at 813-830-1034 or 727-519-6754. We look forward to speaking with you.

Current pricing:
$180-$195 sq/ft depending on use including finished interiors custom built to your specifications. Let us put you on the reservation list for this new project! This is the very best Pasco County has to offer.

Below is a representative view of past projects.
The current project will share most architectural details.