Professional Office Building

Office for Sale
Catylist Listing ID: 30726050
Property Subtypes: Business Park
Condo? Yes
Building Size (RSF): 3,600 SF
Sale Price: $925,000
Property Use Type: Investment, Business
Building Name: Ranch Lake Business Center
Usable Size (USF): 3,240 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 6/28/2021

Overview / Comments

Ranch Lake Business Center Jem fully leased centrally located right off ST. Rt. 70 just outside Lakewood Ranch. This 3600 sq. ft. building is a prime location. Very stable investment with long time tenants in place. Current space is a combination of offices and open work spaces, reception area, and multiple bathrooms with two kitchen/brake area's. The condominium association is very stable and and does a wonderful job with the business park. There is ample parking and location provides easy axis for clients to find. This is a excellent investment carrying a current cap rate of 8% with the potential for upside. For private showing please call list agent do not approach or disturb tenants.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 1730941509
Is Condo?: Yes
Zoning: PD-C
Number of Stories: 1
Year Built: 2002
Year Renovated: 2007
Construction/Siding: Block, Stucco
Parking Description: Plenty parking
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit E Ranch Lake Business Center A Land Condo PI#17309.4150/9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,876 39,110 89,631
Median Age: 48.03 51.41 49.15
Households: 2,804 17,106 38,881

Contact

Photograph of Listing Agent

Frank Castrogiovanni

COLDWELL BANKER REALTY MFCRE Member
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