Grand Oaks Plaza II

Office for Sale
Catylist Listing ID: 30781660
Property Subtypes: Office Building
Building Size (RSF): 45,023 SF
Gross Building Area: See Agent
Sale Price: $7,567,252
Unit Price: $168.08 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Other
Cap Rate: 7.0%
Last Updated: 1/21/2022

Overview / Comments

Grand Oaks Plaza II, a great multi-tenant investment property in a great location! This is an opportunity to purchase a strong income-producing property with upside since there are still vacant units. 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 13 units. 9 units are currently leased, the rent roll is attached below. The 4 vacant units are gray shells. The current Gross Income for this property is $668,841.48 and the 2021 Operating Expenses are $139,133.78. The Net Income is $529,707.70 which puts the property at a 7% CAP Rate!

PROPERTY HIGHLIGHTS
7% CAP Rate with upside!
The property is split into 13 units currently and could be split into more units.
$529,707.70 Net Income!
Great location and visibility off Tamiami Tr!

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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