Investment Opportunity - Timberland Plaza

Perfect investment opportunity for a business professional complex in Milton, Florida. Timberland Plaza is fully occupied with professional tenants like attorney and medical offices along with non-profit business offices.

The plaza is positioned with two buildings, on two separate parcels with an access easement that provides access to both buildings and a rear adjacent property in the rear of the plaza.

The plaza has a total of 16,450 SF with a history of stable tenants. The leases are currently between 1-2 year term leases. At present all leases are gross leases with the landlord paying property taxes, insurance and common area maintenance.

Existing monthly rental income is estimated at $14,440 or $173,280 annually.

Expenses for the plaza:

• $6000.00 annually (CAM)
• $22,000 (Property Taxes)
• $15,000 (Building Insurance)

Estimated NOI: $130,280 annually or 7.6% cap rate.

Call Listing Broker with any questions.