$1,120,000

2568 & 2574 Commerce Parkway

NORTH PORT FL, 34289

Description

NNN investment opportunity in Sarasota County with 7.5% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC.PROPERTY HIGHLIGHTS 5 Year Lease 3% annual base escalation rate Tenant has 2 options to renew the lease for 5 years each with 3% annualincreases to base rent Pass-Through expenses will be capped at 4% annually Year 1 gross income $108,000 Year 1 pass-through expenses $24,000 Year 1 net operating income $84,000See brochure for full details

Details

MLS#C7430619
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2006
Days On Site87

Features

SQ Feet6,000
ZoningPCDN
Acreage6.76
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Area Information
StateFL
CountySarasota
CityNORTH PORT
Zip Code34289
Area34289 - North Port
Listing VS Median (in 34289)
Price:
$1,120,000
low | high
Med:
$269,900
100% of Average
SqFt:
6,000
low | high
Med:
1,800
100% of Average
$ / SqFt:
$187
low | high
Med:
$150
69.672619047619% of Average
On Site:
87
low | high
Med:
33
100% of Average
Listing Updated: 09/21/2020
Kayla Weiss LogoMLS Number: C7430619
Listing Provided By:
Kayla Weiss  of  COLDWELL BANKER RESIDENTIAL RE

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