Listed by SLC Commercial Saint Lucie, SLC Commercial
$5,350,000
2301 SE Monterey Rd
Details
Property Type Office
Sub Type Traditional Office
Square Footage 12,253
Cap Rate 6.41%
NOI $343,084
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Expiration 10/31/2031
Rent Bumps Yes
Lease Options Two 5 year options to renew
Class A
Year Built 1993
Stories 1
Acreage 1.830
Parking Spaces 68 spaces
Parking per 1,000 SqFt 5.55
Investment Type Net Lease
Single Tenant Net Lease - Office Building
Marketing description
Beautifully maintained single story office building built in 1993. 100% Leased to Merrill Lynch, an original tenant. Located in a node of Class "A" office buildings occupied by financial, legal, medical and professional office tenants. Lease expires 10/31/31, with two 5 year options to renew. Landlord has certain roof and structure responsibilities. Roof was replaced in 2020. Estimated NOI of $343,084 (as of 11/01/26). Annual base rent increases of 2%.
Investment highlights
- Beautifully maintained single story office building built in 1993
- 100% Leased to Merrill Lynch, an original tenant
- Located in a node of Class "A" office buildings occupied by financial, legal, medical and professional office tenants
- Lease expires 10/31/31, with two 5 year options to renew
- Landlord has certain roof and structure responsibilities
- Roof was replaced in 2020
- Estimated NOI of $343,084 (as of 11/01/26)
- Annual base rent increases of 2%
Listing Contacts
Listed by SLC Commercial Saint Lucie, SLC Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$343,084.00
$28,590.33/mo
Valuation Metrics
0
DSCR
6.41%
Cap Rate
6.41%
ROI
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Zoning
CPUD PlannedCommercial Planned Unit Development
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View all 146 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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