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31770295

5053 S Congress Ave, Lake Worth Beach, FL 33461

$2,100,000
73 days on market
Updated 2 days ago

Lake Worth-Congress Medical office for Sale

Details
Property Type Office
Sub Type Medical Office
Square Footage 4,736
Net Rentable (SqFt) 4,736
Cap Rate 6.68%
NOI $140,306
Tenancy Single
Rent Bumps Yes
Price per SqFt $443

Office | 6.68% CAP | 4,736 SqFt

Marketing description

5053 S CONGRESS AVE LAKE WORTH, FL, 33461

FOR SALE MEDICAL OFFICE CONDO

*********************************************

--This is a beautiful well designed doctor's office within walking distance to the JFK hospital.

--Located in one of the NEWEST developments in Atlantis (Lake Worth) along Congress Avenue.

--Located on South Congress Avenue

--Within Walking Distance of JFK Medical Center in Lake Worth, Palm Beach County, Florida.

Class B

Beautifully Built Out Medical Condo

--One (1) Nurse Station

--One (1) Manager' s Office

--Five (5) Exam Rooms

--One (1) Doctor' s Office

--Two (2) Restrooms, Breakroom, Reception, and File Room

-- 4736 sf

--Parking Ratio 4.5/1,000 SF

==NOI $140,306

-- 4 1/2 absolute NNN year lease + 5 year option

Excellent for 1031 exchange.

EMAIL HIGHLY PREFERRED

[email protected]

Investment highlights

FOR SALE MEDICAL OFFICE CONDO

*************************************************

5053 S CONGRESS AVE LAKE WORTH, FL, 33461

--This is a beautiful well designed doctor's office within walking distance to the JFK hospital.

--Located in one of the NEWEST developments in Atlantis (Lake Worth) along Congress Avenue.

--Located on South Congress Avenue

--Within Walking Distance of JFK Medical Center in Lake Worth, Palm Beach County, Florida.

Class B

Beautifully Built Out Medical Condo

--One (1) Nurse Station

--One (1) Manager' s Office

--Five (5) Exam Rooms

--One (1) Doctor' s Office

--Two (2) Restrooms, Breakroom, Reception, and File Room

-- 4736 sf

--Parking Ratio 4.5/1,000 SF

==NOI $140,306

-- 4 1/2 absolute NNN year lease + 5 year option

-- 3% annual rent increases

-- long term tenant.

Excellent for 1031 exchange.

EMAIL HIGHLY PREFERRED

[email protected]

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,306.00
$11,692.17/mo

Valuation Metrics

0
DSCR
6.68%
Cap Rate
6.68%
ROI

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