6021 Midnight Pass Rd, Sarasota FL, 34242
Toll Free: 941.894.1255
Great double flex unit for sale right near to PGT! Tenant has just signed new 2 year lease at a blended rate of $8.25 sf ($8 sf year 1 and $8.50 sf year 2) on a NNN basis from 6/1/19. Tenant has been in same location for many years. This indicates a cap rate of 8.1% on the asking price. Blended base rent is $28,875 a year. For each unit, Taxes are $1658 (2018), condo fees are $266 monthly and liability insurance is $100 a year. These are paid by the tenant on a monthly basis. All utilities are in the tenants name. Property is split +/- 50/50 office and warehouse with 2 bathrooms and 2 overhead doors to the rear. Multiple offices and kitchen area. Property is in good condition and the condo association is professionally managed. All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate, neither the listing agent or broker make any representation or warranty as to its veracity and completeness, and you should not rely upon it without conducting your own due diligence.
|Price Reduced from $395,000 to $375,000|
Listing provided courtesy of Re/max Alliance Group
Re/max Alliance Group.
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on August 22nd, 2019 at 4:45am EDT.