Grand Oaks Plaza II

Office for Sale
Catylist Listing ID: 30781660
Property Subtypes: Office Building
Building Size (RSF): 45,542 SF
Gross Building Area: See Agent
Sale Price: $8,500,000
Unit Price: $186.64 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Other
Cap Rate: 6.79%
Last Updated: 8/5/2022

Overview / Comments

Grand Oaks Plaza II, is a great multi-tenant investment property in an amazing location! This is an opportunity to purchase a strong income-producing property. This sale includes all units in 942, 946, and 950 Tamiami Tr, Port Charlotte, Fl 33953 with the exception of 1 unit (946 Tamiami Tr Unit 206 NOT included).
The 3 buildings are currently split into 12 units. 10 units are currently leased, the rent roll is attached below. The 2 vacant units are gray shells. The current Gross Income for this property is $716,377.68 and the 2021 Operating Expenses are $139,133.78. The Net Income is $577,243.90 which puts the property at a 6.79% CAP Rate!

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402101876014
Zoning: CG
Property Located Between: Toledo Blade and Collingswood Blvd
Property Visibility: Excellent
Year Built: 2007

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 46,207 100,348
Median Age: 43.17 46.7
Households: 18,506 42,190

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