$1,120,000
2568 & 2574 Commerce Pkwy, North Port, FL 34289
0 Beds
0 Baths
n/a sqft

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NNN investment opportunity in Sarasota County with 7.5% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC. PROPERTY HIGHLIGHTS 5 Year Lease 3% annual base escalation rate Tenant has 2 options to renew the lease for 5 years each with 3% annual increases to base rent Pass-Through expenses will be capped at 4% annually Year 1 gross income $108,000 Year 1 pass-through expenses $24,000 Year 1 net operating income $84,000 See brochure for full details
  • Price:
  • $1,120,000
  • Acreage:
  • 6.76
  • Year Built:
  • 2006
  • Listing ID #:
  • C7430619
  • Street Address:
  • 2568 & 2574 Commerce Pkwy
  • City:
  • North Port
  • State:
  • Florida
  • Postal Code:
  • 34289
  • County:
  • Sarasota
  • Community:
  • 34289 - North Port
  • Subdivision:
  • Toledo Blade Prof Center
  • Listing Status:
  • Active
  • Construction Description:
  • Block
  • Foundation:
  • Slab
  • Square Footage Source:
  • Public Records
  • Year Built:
  • 2006
  • Business Type:
  • Other, Professional Service
  • Conforms To Zoning:
  • Pcdn
  • Lot Square Footage:
  • 294345
  • Days On Market:
  • 89
  • Property Taxes:
  • $4,202
  • Tax Year:
  • 2019
  • Cooling System:
  • Central Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By COLDWELL BANKER RESIDENTIAL RE
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    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
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