Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1977
Sq.Footage
N/A
Free standing single story office building with well established tenant in place. Buyer MUST be willing to buy with the current tenant in place until November 2026. Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.75
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,800,000
-
Tax Amount
19544.0
-
Zoning
CG(cit
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of Bruce Richard Warzoha , Coastal Real Estate Co
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