Prime Retail/Office Investment

FEATURES:

• Immaculately Maintained Retail / Office Building
• Hurricane Rated Exterior Insulation and Finish System Protecting Exterior and Insulating Interior (EIFS)
• Gold Travertine Flooring Throughout Common Areas
• 24/7 Fire and Sprinkler System Monitoring
• 24/7 Security Monitoring with Key Card Entry System
• Hurricane Rated Glass and Doors Along Perimeter
• Acuity Brands Light System
• Two Elevators, Two Stairwells, and Incline Platform Lift
• Approx. 4,086 SF of Addt’l Storage can be Rented

BUILDING:

• Bldg. 2101 Gross SF = 28,170; Current Rentable SF = 18,638
• Bldg. 390 Gross SF = 9,078; Current Rentable SF = 8,278
• Total Gross SF 37,248 Total Rentalble SF 26,916

PROPERTY SIZE: 1.41 Acres, with approx. 235 ft. of frontage on Indian River Blvd. and approx. 111 ft. of frontage on 21st Street with clear corner visibility.
YEAR BUILT: 1974; Full Renovation Completed 2011
ZONING: C-1B
UTILITIES: City Water, Sewer, & Electric
R.E. TAXES: $52,735 (2018)
NOI: $452,017.45 (Currently 96% Occupied)
CAP RATE: 6.7% (Pro-Forma Rate 7%+)
SALE PRICE: $6,750,000