Listed by American Property Group of Sarasota Inc
$1,699,000
NNN Leased Medical Building on Island of Venice
Details
APN 0408060080
Property Type Office
Sub Type Medical Office
Square Footage 4,332
Cap Rate 7.10%
NOI $121,296
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $392
Year Built 1968
Buildings 1
Stories 1
Zoning ST-1
Investment Type Net Lease
Office | 7.10% CAP | 4,332 SqFt
Investment highlights
4,332 SF medical building on 14,000 SF lot
NNN leased investment property
7.1% CAP Rate
NOI: $121,296 annually
2% annual base rent increases
Four (4) additional 5-year renewal options
Prime location on the Island of Venice
Close proximity to Downtown Venice, retail, and residential neighborhoods
Listing Contacts
Listed by American Property Group of Sarasota Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,296.00
$10,108.00/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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