Catylist ID:
#30635399
| Catylist Listing ID: | 30635399 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 3,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $418,604 |
| Unit Price: | $139.53 PSF |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/16/2020 |
Overview / Comments
|
Investment opportunity in Sarasota County with a 7.5% Cap Rate. This building is split into 3 units. The 3 tenants at this building are Edward Jones, Atomic Dog, and Porcelains Unlimited. Less than 2 miles from the highway. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. PROPERTY HIGHLIGHTS • Edward Jones lease ends 8/31/2025 • Atomic Dog lease ends 11/31/2023 • Porcelains Unlimited lease ends 7/3/2021 • 7.5% Cap Rate • Gross income $43,434.05 • Expenses $12,038.72 • Net operating income $31,395.33 • CONTACT KAYLA WEISS (941) 268-4423 FOR MORE INFORMATION |
Attachments & Media
Financials
| Finance Data Year | 2020 |
|---|---|
| Gross Operating Income | $43,434 (Annual) |
| Net Operating Income | $31,395 (Annual) |
| Actual or Proforma Year | Actual |
| Annual Debt Service | $12,038 (Annual) |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Tax ID/APN: | 0000008191 |
| Year Built: | 2007 |
| Year Renovated: | 2020 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 37,482 | 59,676 |
| Median Age: | 38.03 | 42.53 |
| Households: | 13,699 | 23,331 |
Contact
Ron A Struthers, PACOLDWELL BANKER COMMERCIAL NRTMFCRE Member |
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