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1201 N Parrott Ave 7,222 SF Office Building Okeechobee, FL 34972 $2,300,000 ($318.47/SF) 7.44% Cap Rate
EXECUTIVE SUMMARY
Prime Investment Property with long term tenant
Tripple Net Lease with annual escalations
Lease Expiration March 31, 2033
Masonry construction / Metal Roof
Please do not disturb tenant, Must Call listing broker to schedule showing appointment.
Please see legal description to accurately determine total land area offered with property.
Property is under contract, accepting backup contracts
Tripple Net Lease with annual escalations
Lease Expiration March 31, 2033
Masonry construction / Metal Roof
Please do not disturb tenant, Must Call listing broker to schedule showing appointment.
Please see legal description to accurately determine total land area offered with property.
Property is under contract, accepting backup contracts
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
7,222 SF
Building Class
B
Year Built
1984
Price
$2,300,000
Price Per SF
$318.47
Cap Rate
7.44%
NOI
$171,091
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,006 SF
Building FAR
0.11
Lot Size
1.53 AC
Zoning
B-1 - Use Code: OFFICE BLD 1STY (1700)
Parking
33 Spaces (4.57 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $538,897 | |
| Land Assessment | $315,980 | Total Assessment | $854,877 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$315,980
Improvements Assessment
$538,897
Total Assessment
$854,877
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1201 N Parrott Ave
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