3444 S Congress Avenue, Palm Springs, FL 33461
lease
$1,900,000
|
Free Standing, Medical, Office Space
Courtesy Of Heroic Real Estate
Free standing single story office building with well established tenant in place. Buyer MUST be willing to buy with the current tenant in place until November 2026. Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.
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Virtual Tour
Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Building Units: 7
- Cooling System: Central A/C
- Floors: 1.0
- Legal Description: MODEL LAND CO SUB N 110 FT OF S 330 FT OF E 295 FT OF W 330 FT OF TR 46
- MLSID: RX-10780119
- Roof Type: Built-up
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