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101350 Overseas Hwy 6,674 SF Office Building Key Largo, FL 33037 $3,500,000 ($524.42/SF)



Executive Summary
One of a kind Investment & trophy property in Key Largo. This is a State of the Art security facility and very few properties comparable anywhere in the Keys. Property is leased & guaranteed by the Federal Government. Newly constructed in 2016, concrete building & interior improvements were designed and specially built for US Customs & Border Protection. This is their main office in Key Largo. Main property is fenced with private levered gate and secure with restricted access. Paved parking lot. Property totals 1.5 Acres with 1/2 acre of unbuildable hardwood hammock. 6,674 sf. building has 5,177 sf. of net leasable area & is a concrete bunker. Poured CBS construction, Bullet proof windows, Kevlar lined walls, enhanced video surveillance, elevator, fully ADA compliant with full elevator. Propane Generator with automatic transfer backs up entire building. Full service lease started June, 2017, five years with one five year option. 4 years remain on existing term and then rent to be substantially increased for a new lease. This is a full service lease. Landlord responsible for certain maintenance & Tenant reimburses Landlord base rent and those operating costs. Tenant also pays Real Estate Taxes and Insurances. One could not replicate this building or its features in today's market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,674 SF
Building Class
C
Year Built
2016
Price
$3,500,000
Price Per SF
$524.42
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,337 SF
Building FAR
0.10
Lot Size
1.50 AC
Zoning
SC - Sub Urban Commercial District
Parking
18 Spaces (2.7 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00086770-000000 | Improvements Assessment | $1,067,454 |
| Land Assessment | $2,095,210 | Total Assessment | $3,162,664 |
Property Taxes
Parcel Number
00086770-000000
Land Assessment
$2,095,210
Improvements Assessment
$1,067,454
Total Assessment
$3,162,664
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101350 Overseas Hwy
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