|
1st Floor - Unit 116
|
Flex
|
2,500 SF
|
$525,000 USD
|
|
-
Unit Size: 2,500 SF
-
Condo Use: Flex
-
Price: $525,000 USD
-
Sale Type: Investment
-
Price/SF: $210.00 USD
Description
NNN Investment property. 2500 sf flex condo, tenant occupied since 2022. New lease signed 12/1/2024 for 5 years, expires 11/30/2029 with 3% annual base rent increases. Tenant is Seaside Premium Cabinets (www.seasidepremiumcabs.com) and pays all other expenses including semi-annual HVAC maintenance and the first $500 of any HVAC repairs (HVAC was replaced in October of 2024). Please do not disturb tenant.
Sale Notes
A bite-sized investment opportunity with a tenant that has been in place since February of 2022 and just signed a new 5-year lease effective December 1, 2024. 2500 sf flex condo. Lease is NNN with 3% annual base rent increases. HVAC system was replaced in October of 2024 and Tenant is responsible for the first $500 of repairs annually. Please do not disturb tenant, Seaside Premium Cabinets. Tenant website is www.seasidepremiumcabs.com See copy of lease under 'Data Room' tab.
|
Ed Boeder
SWFL Properties LLC