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28679060
28679061

1745 20th St, Vero Beach, FL 32960

KL
FL BK 3327845
Lambert Commercial Real Estate Inc
Listed by Lambert Commercial Real Estate Inc
$3,500,000
3340 days on market
Updated 1 day ago

CLASS-A OFFICE INVESTMENT

Details
Property Type Office
Sub Type Executive Office
Square Footage 7,744
Net Rentable (SqFt) 7,744
Cap Rate 5.03%
NOI $176,161
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $452
Class A
Year Built 2022
Buildings 1
Stories 2
Acreage 0.340
Zoning C1 - B
Parking Spaces 27 spaces
Parking Per SqFt 3.49
Investment Type Stabilized

Fully Leased, Class A Office Building!

Marketing description

FEATURES:

- Fully Leased, Class A Office Building!

- New Construction Provides Investors with a Low-Maintenance Asset with Minimal Owner Liability.

- One of Vero’s Most Desirable Office Buildings with Premier SR60 Signage and a Bright Spacious Interior.

- Concrete Block, Fire Sprinkler System, Hurricane Impact Glass.

- High-End Tenant Amenities Including Shared Lobby, Covered Parking, High-Efficiency Mechanical Systems and Insulation.

BUILDING: 7,744 SF Office Building on .34 Acres with 105 Ft. of Frontage on SR 60 and 140 Ft. of Depth.

YEAR BUILT: 2022

ZONING: (C1-B) General Commercial Trades & Services

UTILITIES: City Water, Sewer, FPL

PARKING: 26 Parking Spots (20 Covered)

R.E. TAXES: $22,319.91 (2025)

NET INCOME: $176,161.55 (Fully Expensed)

SALE PRICE: $3,500,000


Listing Contacts

KL
FL BK 3327845
Lambert Commercial Real Estate Inc
Listed by Lambert Commercial Real Estate Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$176,161.00
$14,680.08/mo

Valuation Metrics

0
DSCR
5.03%
Cap Rate
5.03%
ROI

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Additional Information

Name
Kevin Lambert
License
BK 3327845
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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