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989 Sebastian Blvd 5,656 SF 11% Leased Office Building Sebastian, FL 32958 $1,050,000 ($185.64/SF) 7.14% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 % Occupied
- Ideal for Owner/User
EXECUTIVE SUMMARY
Rare opportunity to purchase this beautiful office building with rental income; Consisting of 3 separate office/medical suites located on Sebastian main East/West Artery with direct access to I-95 or US Highway 1. The property is currently occupied by 3 long-term tenants one space may be available soon for buyers' use or to lease for income. Two of the spaces are 1,250 sq. ft. and one space is 2,500 sq. ft. NDA is Required for all financials. Owner financing is available. All sizes are approximate and subject to error.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,656 SF
Building Class
C
Year Built
2001
Price
$1,050,000
Price Per SF
$185.64
Cap Rate
7.14%
NOI
$75,000
Percent Leased
11%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,656 SF
Slab To Slab
9’4”
Building FAR
0.21
Lot Size
0.61 AC
Zoning
C512 - CR 512 corridor is a mixture of office and Retail. CR-512 a/k/a Sebastian Blvd has direct access to I-95 and is within 3 miles to US Highway 1.
Parking
32 Spaces (5.66 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Accent Lighting
- Reception
- Central Heating
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 31-38-13-00002-1850-00001.0 | Improvements Assessment | $398,065 |
| Land Assessment | $124,220 | Total Assessment | $522,285 |
PROPERTY TAXES
Parcel Number
31-38-13-00002-1850-00001.0
Land Assessment
$124,220
Improvements Assessment
$398,065
Total Assessment
$522,285
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989 Sebastian Blvd
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