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33313213
33313212

2300 SE MONTEREY RD, STUART, FL 34996-3343

AA
FL BK662112
Florida Commercial Enterprises
Listed by Florida Commercial Enterprises
$4,100,000
16 days on market
Updated 1 day ago

2300 SE Monterey Road

Details
APN 033841023038001000
Property Type Office
Sub Type Medical Office, Traditional Office (+1)
Square Footage 14,318
Units 55
Cap Rate 6.42%
NOI $263,393
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $286
Class A
Year Built 1999
Year Renovated 2019, 2024
Buildings 1
Stories 2
Acreage 1.000
Zoning R-3 - City of Stuart
Parking Spaces spaces
Investment Type Stabilized

Premier Class ‘A’ Office Building

Marketing description

Rio Vista Commons is a Premier Class ‘A’ Office Building located in Stuart’s desirable Business District! This Multi-Tenant Income Producing Asset features a mix of Professional Businesses providing Excellent Cash Flow and 100% Occupancy. Highly Visible and Prominent Two-Story Building is subdivided into 3 Office Suites with an additional component of Executive Office Suites, providing an ideal blend of flexible lease space for Long-Term Stability. The Building has been upgraded and renovated in recent years to include a New Metal Roof, HVAC systems, Exterior and Interior Painting, New Flooring, and more. Conveniently located on Monterey Road just south of its intersection with East Ocean Boulevard, providing easy access to Downtown Stuart, US#1, and Kanner Highway. Due to the Flexible Lease Structures in place, there could also be an Opportunity for an Owner/User to Occupy Space in the Building in the future. Please contact Listing Broker for Financial Information as well as a Private Property Tour.

Investment highlights

  • Premier Class “A” Multi-Tenant Office Building
  • Located in Stuart’s Desirable Business District
  • 100% Occupied Income-Producing Asset
  • Strong Cash Flow with Established Professional Tenants
  • Flexible Mix of Traditional Office Suites & Executive Offices
  • Two-Story Building with High Visibility & Prominent Frontage
  • Opportunity for Future Owner/User Occupancy
  • Long-Term Stability Through Diverse Lease Structures
  • Recent Upgrades Include New Metal Roof
  • Renovated HVAC Systems
  • Updated Interior & Exterior Paint
  • New Flooring Throughout Portions of the Building
  • Convenient Access to Downtown Stuart, US-1 & Kanner Highway
  • Positioned on Highly Traveled Monterey Road Near East Ocean Boulevard
  • Ideal Investment Opportunity in a Strong Office Market
  • Financial Information Available Upon Request
  • Private Property Tours Available Through Listing Broker

Listing Contacts

AA
FL BK662112
Florida Commercial Enterprises
Listed by Florida Commercial Enterprises

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$263,393.00
$21,949.42/mo

Valuation Metrics

0
DSCR
6.42%
Cap Rate
6.42%
ROI

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Additional Information

Name
Alex Aydelotte
License
BK662112
Brokerage
Florida Commercial Real Estate Company
Brokerage Phone
772-223-3646
Title
Broker | Principal
Brokerage Address
309 Southeast Osceola Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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