$875,000
$920,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
2570 COMMERCE Pkwy #1501 North Port, FL 34289
5,706 SqFt
Key Details
Sold Price $875,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,706 sqft
Price per Sqft $153
Subdivision Toledo Blade Professional Cent
MLS Listing ID C7412352
Sold Date 05/02/19
Construction Status Appraisal
HOA Y/N No
Year Built 2006
Annual Tax Amount $7,135
Lot Size 5706.000 Acres
Acres 5706.0
Property Description
Office condo, with a single tenant, located in North Port Park of Commerce, off of Toledo Blade Blvd.
NNN investment opportunity in Sarasota County with 7.47% CAP.
Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd.
Located among other small professional and medical offices.
Interior built out by current tenant from gray shell in 2016.
Office serves as corporate headquarters for single tenant, Earth Balance. They provide providing ecosystem restoration and environmental consulting services and have been in Sarasota County for 33 years.
Tenant currently in the third year of a seven year lease.
3% annual escalation rate.
Tenant has one option to renew lease for a 7 year term that continues 3% escalation rate, with all other lease terms remaining the same.
Location
State FL
County Sarasota
Community Toledo Blade Professional Cent
Zoning PCDN
Interior
Cooling Central Air
Building
Lot Size Range Up to 10,889 Sq. Ft.
Structure Type Block
New Construction false
Construction Status Appraisal
Others
Ownership Condominium
Special Listing Condition None
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