Investment Opportunity - 10 offices complex in South Gate!

Office for Sale
Catylist Listing ID: 30850206
Property Subtypes: Office Building
Building Size (RSF): 1,970 SF
Gross Building Area: See Agent
Sale Price: $525,000
Unit Price: $266.50 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/19/2023

Overview / Comments

Introducing a Lucrative Investment Opportunity in South Gate! This exquisite 10-office property offers almost 2000 square feet of prime commercial space, nestled within a serene and tranquil building. A perfect blend of stability, profitability, and convenience awaits you. Enjoy a thriving investment with impressive occupancy rates ranging from 90% to 100%, showcasing the unwavering demand for commercial space in the area. Most tenants are long-term, ensuring a stable income stream with a remarkable 7.6% cap rate for years to come. The offices feature monthly leases. Freshly painted, exuding freshness that attracts potential tenants seeking an inviting workplace atmosphere. Vinyl and tile flooring throughout for easy maintenance. The functional layout includes connected units 101 and 102, featuring sinks and reception desks at the front, making it an ideal setup for various businesses such as medical practices, consultancy firms, or creative agencies. Additional amenities include two bathrooms and a large attic storage area, offering convenience for tenants and their clients. Rest easy knowing the property features a new roof, guaranteeing structural integrity and minimizing any unexpected maintenance costs. Outside, there is plenty of parking, ensuring ease of access for both tenants and visitors. Located in South Gate, this property enjoys a prime location with a vibrant commercial scene - and is only 10 minutes away from downtown Sarasota. Its proximity to major transportation hubs, highways, and public transit enhances connectivity to surrounding neighborhoods and cities, making it highly desirable for businesses and customers alike. Don't miss out on this exceptional investment opportunity! With impressive occupancy rates, an attractive 7% cap rate, and a fantastic location, this property promises to be a prosperous addition to any investor's portfolio. Secure your future success and schedule a viewing today!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0058160049

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,764 103,028 178,519
Median Age: 48.95 46.11 48.08
Households: 7,517 46,377 81,521


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