Listing ID : U8152723
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Structure / Lot Size
9,688 Sqft / 0.33 Acre -
Year
1970
Description
TRIPLE NET INVESTMENT. Fully Leased two-story Free Standing Office building with 95 feet of frontage on Gulf to Bay. The building consists of 9,688 htd sqft of office space and includes 3 lots directly behind the building used for parking. Current owners have long-term tenants in place with Triple Net leases with 5-year terms and options to extend for two more 5 year terms with a 3% escalation per year. Limited deferred maintenance, The roof and HVAC units were both replaced in January 2020. The building offers a generator fueled by 4 propane tanks along the back side of the building. This is a great addition to a portfolio offering a 6% Capitalization rate of return. Financials are available upon request from the listing agent.
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