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1745 PROFESSIONAL CENTER 1745 20th St 8,082 SF 100% Leased Office Building Vero Beach, FL 32960 $3,500,000 ($433.06/SF) 5.03% Cap Rate
EXECUTIVE SUMMARY
FEATURES:
- Fully Leased, Class A Office Building!
- New Construction Provides Investors with a Low-Maintenance Asset with Minimal Owner Liability.
- One of Vero’s Most Desirable Office Buildings with Premier SR60 Signage and a Bright Spacious Interior.
- Concrete Block, Fire Sprinkler System, Hurricane Impact Glass.
- High-End Tenant Amenities Including Shared Lobby, Covered Parking, High-Efficiency Mechanical Systems and Insulation.
BUILDING: 7,744 SF Office Building on .34 Acres with 105 Ft. of Frontage on SR 60 and 140 Ft. of Depth.
YEAR BUILT: 2022
ZONING: (C1-B) General Commercial Trades & Services
UTILITIES: City Water, Sewer, FPL
PARKING: 26 Parking Spots (20 Covered)
R.E. TAXES: $22,319.91 (2025)
NET INCOME: $176,161.55 (Fully Expensed)
SALE PRICE: $3,500,000
- Fully Leased, Class A Office Building!
- New Construction Provides Investors with a Low-Maintenance Asset with Minimal Owner Liability.
- One of Vero’s Most Desirable Office Buildings with Premier SR60 Signage and a Bright Spacious Interior.
- Concrete Block, Fire Sprinkler System, Hurricane Impact Glass.
- High-End Tenant Amenities Including Shared Lobby, Covered Parking, High-Efficiency Mechanical Systems and Insulation.
BUILDING: 7,744 SF Office Building on .34 Acres with 105 Ft. of Frontage on SR 60 and 140 Ft. of Depth.
YEAR BUILT: 2022
ZONING: (C1-B) General Commercial Trades & Services
UTILITIES: City Water, Sewer, FPL
PARKING: 26 Parking Spots (20 Covered)
R.E. TAXES: $22,319.91 (2025)
NET INCOME: $176,161.55 (Fully Expensed)
SALE PRICE: $3,500,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,082 SF
Building Class
B
Year Built
2022
Price
$3,500,000
Price Per SF
$433.06
Cap Rate
5.03%
NOI
$176,161
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,041 SF
Building FAR
0.55
Lot Size
0.34 AC
Zoning
C1-B - General Commercial Trades & Services
Parking
7 Spaces (0.87 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 33-39-02-00001-0490-00028.0 | Improvements Assessment | $1,230,559 |
| Land Assessment | $143,693 | Total Assessment | $1,374,252 |
PROPERTY TAXES
Parcel Number
33-39-02-00001-0490-00028.0
Land Assessment
$143,693
Improvements Assessment
$1,230,559
Total Assessment
$1,374,252
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1745 PROFESSIONAL CENTER | 1745 20th St
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