SouthBridge Business Park Small Executive Center

Office for Sale
Sale Pending
Catylist Listing ID: 30611838
Property Subtypes: Business Park, Executive Suites
Status: Pending
Building Size (RSF): 1,650 SF
Gross Building Area: 1,810 SF
Sale Price: $135,000
Unit Price: $81.82 PSF
Property Use Type: Investment
Usable Size (USF): 1,650 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 10.2%
Last Updated: 6/29/2020

Overview / Comments

Fully Leased 6 office Executive Center in the newly renovated Southbridge Business Park. New Roof and newly painted 2nd Floor unit with 1-2 years leases in place.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $2,378 (Annual)
Assessed Value - Total($) $166,000 (Annual)
Potential Rental Income $28,728 (Annual)
Gross Operating Income $26,544 (Annual)
Net Operating Income $13,765 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0000007889
Property Located Between: Center Rd and Business 41 in Venice just south of Venice Airport
Property Visibility: Excellent
Highway Access: US 41
Airports: Venice Regional
Site Description: Majestic Oaks in a quiet setting located just south of the South Bridge to Venice Island. Easy access off of Center Rd.
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 1,810 SF
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,257 46,001 68,820
Median Age: 60.81 60.23 60.29
Households: 4,371 23,806 35,018

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