North Port NNN Investment - 7.47% CAP

  SOLD April 2019 for $875,000

2570 Commerce Parkway, North Port, Florida 34289


Documents
  • Sale_Brochure - 2570 Commerce Parkway.pdf (1.2 MB)   view   download
Building Size5,887 Square Feet
ZoningPCDN
Year Built2006

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.


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