Property Listing No Longer Available for Sale

2395 Tamiami Tr unit 104, Port Charlotte, FL

Office for Sale - $175,000


Property Info

CIMLS#1075643
Location
  2395 Tamiami Tr unit 104
  Port Charlotte FL 33952
UpdatedJune 16th, 2021
TypeOffice
Price$175,000

Property Description

This is a commercial condominium one of a 20 unit complex with two ingress and ingress access points onto Tamiami Trail. Plenty of parking for tenants and

customers with a total of 72 parking spaces. This is a well-operated condominium association with ample reserves. Mansard roof was done in 2015 and painting

done in 2015.

Investment property for sale in Bell Plaza! Insurance Depot of Charlotte County has a 5-year lease generating a NOI of $14,256.00 for the first year. Cap rate of

8.15%. This lease has 3% annual increases, and it also has 2 5-year renewal options.

PROPERTY HIGHLIGHTS

• NOI of $14,256.00 for the first year

• 5-year lease

• 3% annual increases

• 8.15% cap rate

• Lease has 2 5-year renewal options


Financials