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Premier Class ‘A’ Office Building 2300 SE Monterey Rd 14,318 SF 100% Leased Office Building Stuart, FL 34996 $4,100,000 ($286.35/SF) 6.83% Cap Rate
Investment Highlights
- Premier Class “A” Multi-Tenant Office Building
- Flexible Mix of Traditional Office Suites & Executive Offices
- Positioned on Highly Traveled Monterey Road Near East Ocean Boulevard
- 100% Occupied Income-Producing Asset
- Two-Story Building with High Visibility & Prominent Frontage
- Recent Upgrades Include New Metal Roof
Executive Summary
Rio Vista Commons is a Premier Class ‘A’ Office Building located in Stuart’s desirable Business District! This Multi-Tenant Income Producing Asset features a mix of Professional Businesses providing Excellent Cash Flow and 100% Occupancy. Highly Visible and Prominent Two-Story Building is subdivided into 3 Office Suites with an additional component of Executive Office Suites, providing an ideal blend of flexible lease space for Long-Term Stability. The Building has been upgraded and renovated in recent years to include a New Metal Roof, HVAC systems, Exterior and Interior Painting, New Flooring, and more. Conveniently located on Monterey Road just south of its intersection with East Ocean Boulevard, providing easy access to Downtown Stuart, US#1, and Kanner Highway. Due to the Flexible Lease Structures in place, there could also be an Opportunity for an Owner/User to Occupy Space in the Building in the future. Please contact Listing Broker for Financial Information as well as a Private Property Tour.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
14,318 SF
Building Class
A
Year Built/Renovated
1999/2024
Price
$4,100,000
Price Per SF
$286.35
Cap Rate
6.83%
NOI
$280,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,318 SF
Slab To Slab
11’
Building FAR
0.32
Lot Size
1.02 AC
Zoning
R-3 - R-3 City of Stuart
Parking
55 Spaces (3.84 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 03-38-41-023-038-00100-0 | Improvements Assessment | $1,521,360 |
| Land Assessment | $311,020 | Total Assessment | $1,832,380 |
Property Taxes
Parcel Number
03-38-41-023-038-00100-0
Land Assessment
$311,020
Improvements Assessment
$1,521,360
Total Assessment
$1,832,380
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Videos
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Matterport 3D Tour
Photos
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Premier Class ‘A’ Office Building | 2300 SE Monterey Rd
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