Town Center North | 212 Highway 98
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Town Center North 212 Highway 98
13,550 SF 75% Leased Office Building Port Saint Joe, FL 32456 £1,762,425 (£130/SF) 8% Net Initial Yield
Investment Highlights
- Town Center North +/-9,048sf Professional Office
- 250' Frontage on Highway 98
- Town Center South +/-4,510sf Retail/Office
- 100% Occupied
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£1,388,391
|
£102.46
|
| Other Income |
£17,435
|
£1.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£1,405,827
|
£103.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£17,435
|
£1.29
|
| Net Operating Income |
£1,388,391
|
£102.46
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | £1,388,391 |
| Annual Per SF | £102.46 |
| Other Income | |
|---|---|
| Annual | £17,435 |
| Annual Per SF | £1.29 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £1,405,827 |
| Annual Per SF | £103.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £17,435 |
| Annual Per SF | £1.29 |
| Net Operating Income | |
|---|---|
| Annual | £1,388,391 |
| Annual Per SF | £102.46 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,550 SF
Building Class
B
Year Built
2004
Price
£1,762,425
Price Per SF
£130
Net Initial Yield
8%
NOI
£140,994
Percent Leased
75%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
4,517 SF
Slab to Slab
10 ft
Building FAR
1.83
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
RES - LD - Commercial
Parking
24 Spaces (1.77 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste C
- 1,700 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste D
- 1,700 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste C | 1,700 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste D | 1,700 SF | Office | Full Build-Out | Now |
1st Fl-Ste C
| Size |
| 1,700 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D
| Size |
| 1,700 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £544,610 (2023) | |
| Land Assessment | £2 (2023) | Total Assessment | £544,613 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2 (2023)
Improvements Assessment
£544,610 (2023)
Total Assessment
£544,613 (2023)
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Town Center North | 212 Highway 98
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