
5308 Parklane Drive, Suite 5
Investment office space for sale. Offered at 6.85% initial cap rate - 7.41% in 4 years
Marketing description
This is a true NNN investment opportunity! The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being in an office building secured with a condominium association and this investment is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns.
This is a true NNN investment opportunity! The asset is secured by a 4-year triple net (NNN) lease with annual rent increases in years 3 and 4, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being in an office building secured with a condominium association and this investment is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights - Brand new 4-year NNN lease in place as of June 1, 2026-NNN Lease Providing Passive, Management-Light Ownership-
All utilities are Tenant's responsibility and condo association fees are built into the CAM/NNN charges - 4-Year Lease with annual rent escalations beginning year 3. First 2 years' base lease is $12 psf, plus NNN, then - 4% annual escalators for each of the next 2 years
- Years 1 and 2-$12 psf | NOI = $36,960 - 6.85% cap rate
- Year 3 - $12.48 psf | NOI = $38,438.40 - 7.12% cap rate
- Year 4 - $12.98 psf | NOI = $39,978.40 - 7.41% cap rate
Investment highlights
- Brand new 4-year NNN lease in place as of June 1, 2026
- NNN Lease Providing Passive, Management-Light Ownership
- All utilities are Tenant’s responsibility and condo association fees are built into the CAM/NNN charges
- 4-Year Lease with annual rent escalations beginning year 3. First 2 years’ base lease is $12 psf, plus NNN, then
- 4% annual escalators for each of the next 2 years
- Years 1 and 2 - $12 psf l NOI = $36,960 – 6.85% cap rate
- Year 3 – $12.48 psf l NOI = $38,438.40 – 7.12% cap rate
- Year 4 – $12.98 psf l NOI = $39,978.40 – 7.41% cap rate
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