NNN leased 4K investment office, international software company

Office for Sale
Catylist Listing ID: 30643520
Property Subtypes: Business Park, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 3,961 SF
Gross Building Area: See Agent
Sale Price: $890,000
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Prestige Place
Class of Space: Class A
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.58%
Average Occupancy Rate: 100
Last Updated: 2/28/2021

Overview / Comments

This is a NNN leased investment sale with owner financing available.
Collect a check investment
The tenant Ocuco is a world leader in international optical software for doctors and eyeglass labs. The property is part of a top quality beautiful office condominium called Prestige Place that is very well run with very good reserves.
See attached flyer for full details. The property consist of 2 units that have been joined. General office and a medical suite. Owner will hold financing with $300,000 + down.
Ocuco is an international eyewear software company. See flyer
This is an absolute net lease tenant pays expenses.

Ocuco is paying fixed $6,400 per month or $76,800 per year absolute net.
4 years remaining with a 5 year automatic extension unless tenant notifies at end of lease not to renew.

The real estate taxes and condo fees paid by tenant.
13133 66th St. unit 204 RE tax $4,267.40 and condo fee of $449.82
13135 66th St. unit 205 RE tax $3,555.47 and condo fee of $374.85

Call to discuss particulars of this investment.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Largo
Tax ID/APN: 16 30 08 73097 001 1050
Is Condo?: Yes
Zoning: COMMERCIAL
Property Located Between: 66th St just south of Ulmerton Rd.
Property Visibility: Excellent
Sprinklers: None
Zoning Description: commercial
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,513 105,854 273,830
Median Age: 43.44 45.67 45.74
Households: 6,781 46,130 122,927

Contact

Photograph of Listing Agent

Michael Schweiger

Target Commercial Real Estate
CE-FL Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Exchange Florida nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.