$1,090,000
$1,120,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2568 & 2574 COMMERCE Pkwy North Port, FL 34289
6,000 SqFt
Key Details
Sold Price $1,090,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $181
Subdivision Toledo Blade Prof Center
MLS Listing ID C7430619
Sold Date 02/17/21
Construction Status Inspections
HOA Y/N No
Year Built 2006
Annual Tax Amount $4,202
Lot Size 6.760 Acres
Acres 6.76
Property Description
NNN investment opportunity in Sarasota County with 7.5% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC.
PROPERTY HIGHLIGHTS
• 5 Year Lease
• 3% annual base escalation rate
• Tenant has 2 options to renew the lease for 5 years each with 3% annual
increases to base rent
• Pass-Through expenses will be capped at 4% annually
• Year 1 gross income $108,000
• Year 1 pass-through expenses $24,000
• Year 1 net operating income $84,000
See brochure for full details
Location
State FL
County Sarasota
Community Toledo Blade Prof Center
Zoning PCDN
Interior
Cooling Central Air
Building
Story 1
Foundation Slab
Lot Size Range 5 to less than 10
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Other
Special Listing Condition None
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