2568 & 2574 Commerce Pkwy, North Port

$1,344,000

0 Beds
0 Baths
0 Sqft
6.76 Acres
0 Garages

NNN investment opportunity in Sarasota County with 6.25% 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

Essential Information
MLS® #C7430619
Price$1,344,000
Bathrooms0.00
Acres6.76
Year Built2006
TypeCommercial
Sub-TypeOffice
StatusActive
Community Information
Address2568 & 2574 Commerce Pkwy
AreaNorth Port
SubdivisionToledo Blade Prof Center
CityNorth Port
CountySarasota County
StateFL
Zip Code34289
Pet Restrictions YNN
Pets Allowed YNN
Interior
CoolingCentral Air
# of Stories1
Exterior
ExteriorBlock
Lot Description5 to less than 10
FoundationSlab
Additional Information
Days on Market33
ZoningPCDN
Normal SaleYes
Costs
Taxes$4,203
Tax Year2019

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on August 5th, 2020 at 9:00pm EDT.