Catylist ID:
#30643520
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. |
Attachments & Media
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 |
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
Michael SchweigerTarget Commercial Real EstateCE-FL Member |
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