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

View FullscreenMap

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


Photograph of Listing Agent

Frank Castrogiovanni

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.