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
Property Located Between: 66th St just south of Ulmerton Rd.
Property Visibility: Excellent
Sprinklers: None
Zoning Description: commercial
Water Service: Municipal
Sewer Type: Municipal

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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


Photograph of Listing Agent

Michael Schweiger

Target Commercial Real Estate
CE-FL Member
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