North Port Office

Office for Sale
Sale Pending
Catylist Listing ID: 30794540
Property Subtypes: Business Park, Medical, Office Building
Status: Pending
Building Size (RSF): 2,853 SF
Sale Price: $595,000
Unit Price: $208.55 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,853 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2022

Overview / Comments

A stand-alone office building located on Toledo Blade Road in North Port. Toledo Blade Professional Center is a 7.3 acre professional park located 1 mile south of the I-75 exchange. There are 20 stand-alone office building in the park with professional businesses including medical, real estate, and attorneys to name a few. There are 19,464 cars which travel by the park daily. 

The 2,853 square foot building is demised into 2 units. Unit 101 is 988 square feet and has a tenant in place with who can leave with 30 days notice. Unit 102 is 1,865 square feet and is currently vacant. Unit 101 has a triple net rent at $10.38 plus $3.89 in CAM and the last tenant was paying $2,036 modified gross rent at $13.10 per square foot. Annual taxes for 2021 are $4,904.37.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0000008191
Property Visibility: Excellent
Area Description: The property is located in the City of North Port located in Sarasota County, Florida. The population of the City of North Port is 74,793 as of 2020 which is a 30% growth over a 10 year span. The area is the spring training home of the Atlanta Braves and Wellen Park Development. When finished, Wellen Park will have 22,000 homes and more than 60,000 residence.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Year Renovated: 2005
Construction/Siding: Block
Total Parking Spaces: 14
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 34,431 61,318
Median Age: 37.98 42.73
Households: 12,615 23,999

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