8% return - Office Condo

Office for Sale
Catylist Listing ID: 30335140
Property Subtypes: Business Park
Condo? Yes
Building Size (RSF): 1,005 SF
Gross Building Area: See Agent
Sale Price: $181,900
Property Use Type: Investment
Building Name: Marquesas Plaza
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 12/7/2018

Overview / Comments

8% RETURN!!! INVESTMENT PROPERTY FOR SALE.

Office condo for sale with tenant in place producing an 8% return.  This 2nd floor unit has a reception area, 4 private offices, and a kitchenette.  Email for details on the lease agreement.

With it being an end unit, all the private offices and conference room have windows allowing great natural light. Unit is located in a 2 story office building with common areas. Such areas include: Foyer/lobby, elevator, men's and women's common restrooms, corridors and 3 stairwells. 23% of total SF accounts for such common areas.

Marquesas Plaza was the final building constructed (building 13) in Sawyer Oaks Professional Park. This is located north of Clark Rd., east of Sawyer Rd., behind the Clark Expo. Clark Expo has tenants such as Moe's, Broken Egg, Valentino's, Massage Envy, and more.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,535 (Annual)
Gross Operating Income $19,200 (Annual)
Net Operating Income $14,552 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000008344
Is Condo?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,583 79,266 152,727
Median Age: 50.75 50.32 50.2
Households: 4,007 37,814 71,290

Contact

Photograph of Listing Agent

Troy Harry Robbins

HARRY ROBBINS ASSOC INC
MFCRE Member
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