Downtown Office Centre Investment

  SOLD November 2018 for $6,700,000

1201 19th Place, Vero Beach, Florida 32960


Building Size41,634 Square Feet
Land Size1.96 Acres
Zoning(DTW) Downtown District
WaterCity
SewerCity
ElectricCity
Year Built2005

FEATURES:

  • Located directly on the East bound lane of SR 60 on busy corner in downtown Vero Beach!
  • Walking distance to restaurants & shopping!
  • Meticulously maintained inside and outside!
  • Three Covered parking spaces available per floor
  • Long term cellular telephone roof tower leases
  • Some office currently available to buyer!
  • New roof on Building A in 2017. B replaced in 02.
  • Completely repainted in 2015

BUILDING:

  • Bldg. A Gross SF = 20,452 + Roof PH 966 SF = 21,418
  • Bldg. B Gross SF = 19,616 + Roof PH 600 SF = 20,216
  • Total - 40,068 & 41,634

PROPERTY SIZE: 1.96 Acres, with approximately 256 ft. of frontage on Rte. 60 East and approximately 412 ft. of depth.
YEAR BUILT: Building A = 2005 / Building B = 1972
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer & Electric
R.E. TAXES: $52,715.79 (2017)
NOI: $580,000 (currently 90% occupied)
CAP RATE: 7.7%
SALE PRICE: $7,500,000


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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