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2301 SE Monterey Rd 12,253 SF Office Building Stuart, FL 34996 $7,547,245 CAD ($615.95 CAD/SF)
Investment Highlights
- Class "A" Office Park
- New roof replaced in 2020
- Lease Expires 10/31/31 with two 5 year options
Executive Summary
Beautifully maintained single story office building built in 1993. 100% Leased to Merrill Lynch, an original tenant. Located in a node of Class "A" office buildings occupied by financial, legal, medical and professional office tenants. Lease expires 10/31/31, with two 5 year options to renew. Landlord has certain roof and structure responsibilities. Roof was replaced in 2020. Estimated NOI of $304,880. Annual rent increases of 2%.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,253 SF
Building Class
B
Year Built
1993
Price
$7,547,245 CAD
Price Per SF
$615.95 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,253 SF
Building FAR
0.15
Lot Size
1.83 AC
Zoning
CPUD
Parking
68 Spaces (5.55 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-38-41-035-000-00021-2 | Improvements Assessment | $2,938,047 CAD |
| Land Assessment | $560,982 CAD | Total Assessment | $3,499,028 CAD |
Property Taxes
Parcel Number
03-38-41-035-000-00021-2
Land Assessment
$560,982 CAD
Improvements Assessment
$2,938,047 CAD
Total Assessment
$3,499,028 CAD
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2301 SE Monterey Rd
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