Net leased investment

Office for Sale
Catylist Listing ID: 30438122
Property Subtypes: Net Leased
Building Size (RSF): 1,218 SF
Gross Building Area: See Agent
Sale Price: $199,000
Unit Price: $163.38 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2019

Overview / Comments

Ideal investment opportunity with a 7 % cap rate, a strong tenant and brand new leases. Totally renovated and updated office space just off of Manatee Avenue with signage ON Manatee Ave! .Unit 301 is a net leased investment and has a brand new 2 year lease and is a 7% cap rate. Unit 302 is a net leased investment with a new 3 year lease and a 7% cap rate. Ideal 1031 exchange investments or perfect "starter" investments for someone new to commercial real estate investing. All new flooring, lighting, doors, restrooms, cabinetry and more. The floor plan has a reception area, conference room and 2 or 3 offices. There is a also a break room and restroom inside the space. Call or email Rico Boeras, broker, for details

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 3753710650
Property Located Between: 62nd and 63rd ave West just off of Manatee Ave.
Property Visibility: Good
Highway Access: I 75 via SR 64 or Manatee Ave.
Airports: Sarasota Bradenton
Site Description: Condo office complex
Total Number of Buildings: 4
Number of Stories: 1
Year Built: 1985
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: Ample parking on site and additional street parking.
Total Parking Spaces: 10
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Reception, conference room, break room and 2 to 3 offices

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,198 73,114 155,340
Median Age: 49.4 47.7 44.9
Households: 4,543 33,004 66,998
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