North Port NNN Investment - 7.47% CAP
SOLD April 2019 for $875,000
2570 Commerce Parkway, North Port, Florida 34289
| Building Size | 5,887 Square Feet |
| Zoning | PCDN |
| Year Built | 2006 |
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.
PROPERTY HIGHLIGHTS
- 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.
- http://www.earthbalance.com/
- 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.
For more information, please contact Ron Struthers (941) 769-3316.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.