Property Listing No Longer Available for Sale

2650 Bahia Vista, Sarasota, FL

Office for Sale - $650,000 - 4,248 Sq. Ft.


Property Info

CIMLS#960530
Location
  2650 Bahia Vista
  Sarasota FL 34239
UpdatedJanuary 2nd, 2018
TypeOffice
Price$650,000
Building4,248 Sq. Ft.

Property Description

Excellent Investment Opportunity in Sarasota, FL. Unheard of 14.4% Cap Rate. Absolute NNN. Roof in good shape with replacements in specific areas over the last few years. 4 a/c units in good shape with maintenance contracts in place. One installed in 1990, 2009, 2013 and 2014. Condo fees are $5.19 psf with about $1 going towards reserves. Over $215,000 in reserves currently in place. No past 30 day delinquencies.

Location Description:

Conveniently located within minutes to US41, Sarasota Memorial Hospital, Downtown Sarasota and I75.

Highlights:

>> NNN Investment Opportunity

>> Long term stable medical practice

>> Excellent location close to hospital

>> Building has maintained 100% occupancy

>> Well maintained and financed condo association

>> $93,456 NOI


Financials