NET-LEASED INVESTMENT IN DOWTOWN VERO BEACH | 2205 14th Ave
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NET-LEASED INVESTMENT IN DOWTOWN VERO BEACH 2205 14th Ave
8,055 SF 100% Leased Office Building Vero Beach, FL 32960 £2,836,455 (£352/SF) 6.48% Net Initial Yield
Executive Summary
FEATURES:
- Rare Opportunity to Own One of Central Vero’s Finest Office Buildings!
- Fully Leased to Fortis Payment Systems Through July 31, 2030!
- Minimal Landlord Responsibilities, with Tenant Paying all Major Operating Expenses.
- Building Features Many Tenant Amenities Such as Large Private Parking Lot, Covered Outdoor Seating Area, Private Kitchen & Close Proximity to Restaurants.
- Full Renovation Included Roof, Impact Rated Windows/Doors, Six HVAC Systems, Fire Suppression System, Exterior/Interior Security Monitoring, Fiber Optics Etc.
BUILDING: 8,055 SF 2 Story Office Building on .43 Acres with 150 Ft. of Frontage on 14th Avenue and 125 Ft. of Depth
R.E. TAXES: $14,108.20 (2023)
ZONING: (DTW) Downtown
YEAR BUILT: Full Interior/Exterior Renovation in 2019!
UTILITIES: City Water & Sewer, FPL
NOI: $232,800 (Cap Rate = 6.48%)
SALE PRICE: $3,595,000
- Rare Opportunity to Own One of Central Vero’s Finest Office Buildings!
- Fully Leased to Fortis Payment Systems Through July 31, 2030!
- Minimal Landlord Responsibilities, with Tenant Paying all Major Operating Expenses.
- Building Features Many Tenant Amenities Such as Large Private Parking Lot, Covered Outdoor Seating Area, Private Kitchen & Close Proximity to Restaurants.
- Full Renovation Included Roof, Impact Rated Windows/Doors, Six HVAC Systems, Fire Suppression System, Exterior/Interior Security Monitoring, Fiber Optics Etc.
BUILDING: 8,055 SF 2 Story Office Building on .43 Acres with 150 Ft. of Frontage on 14th Avenue and 125 Ft. of Depth
R.E. TAXES: $14,108.20 (2023)
ZONING: (DTW) Downtown
YEAR BUILT: Full Interior/Exterior Renovation in 2019!
UTILITIES: City Water & Sewer, FPL
NOI: $232,800 (Cap Rate = 6.48%)
SALE PRICE: $3,595,000
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,055 SF
Building Class
C
Year Built
1963
Price
£2,836,455
Price Per SF
£352
Net Initial Yield
6.48%
NOI
£183,679
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,189 SF
Slab to Slab
10 ft
Building FAR
0.43
Land Acres
0.43 AC
Zoning
DTW
Parking
28 Spaces (3.34 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
1 of 1
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 33-39-02-00001-0300-00006.0 | Improvements Assessment | £645,846 |
| Land Assessment | £50,363 | Total Assessment | £696,209 |
PROPERTY TAXES
Parcel Number
33-39-02-00001-0300-00006.0
Land Assessment
£50,363
Improvements Assessment
£645,846
Total Assessment
£696,209
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Kevin Lambert -
Billy Moss -
Lambert Commercial Real Estate, Inc
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NET-LEASED INVESTMENT IN DOWTOWN VERO BEACH | 2205 14th Ave
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