Description
NNN investment opportunity in Sarasota County with 7.5% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC.PROPERTY HIGHLIGHTS 5 Year Lease 3% annual base escalation rate Tenant has 2 options to renew the lease for 5 years each with 3% annualincreases to base rent Pass-Through expenses will be capped at 4% annually Year 1 gross income $108,000 Year 1 pass-through expenses $24,000 Year 1 net operating income $84,000See brochure for full details
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0BEDS
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6.76ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
NNN investment opportunity in Sarasota County with 7.5% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC.PROPERTY HIGHLIGHTS 5 Year Lease 3% annual base escalation rate Tenant has 2 options to renew the lease for 5 years each with 3% annualincreases to base rent Pass-Through expenses will be capped at 4% annually Year 1 gross income $108,000 Year 1 pass-through expenses $24,000 Year 1 net operating income $84,000See brochure for full details
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