7.5% Cap Rate North Port Property!

Office for Sale
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

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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

Photograph of Listing Agent

Ron A Struthers, PA

COLDWELL BANKER COMMERCIAL NRT
MFCRE Member
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