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2222 Colonial Road

Fort Pierce, FL 34950
  • $1,955,000
  • STATUS: Active Under Contract
  • ON SITE: 179 Days
  • ID#: RX-10804312
Under Contract
UPDATED: 4 min ago
$1,955,000
  • 0
    BEDS
  • 1.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,228
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

Description

Landmark office building. 18,228 square feet. (15,600 leasable). 100% occupied(3 tenants). Gross Income $195,192. Operating Expenses of $58,343. Current Net Operating Income of $136,849.4 bathrooms. Common use bathrooms on each floor and bathrooms in suites 100 and 200. 79 parking spaces. Owner spent approx. $30,000 upgrading the elevator in 2016/2017. A reroof was completed in 2011 for $44,000. Please see income & Expense Summary/Lease summary, roof contract, floor plans, and leases under documents tabThe CPA firm will extend current lease for 3 years-First Year- $15.70 psf($84,780 yr), 2nd Year -$16.17 psf($87,318), 3rd Year - $16.66 psf ($89,964)

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www.westpalmhomesearch.com/homes/129315590
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2222 Colonial Road Fort Pierce, FL 34950

  • Price: $1,955,000
  • Status: Active Under Contract
  • On Site: 179 Days
  • Updated: 4 min ago
  • ID#: RX-10804312
0
Beds
0
Baths
0
½ Baths
1.31
Acres
18,228
SQFT
$107
$/SQFT
1989
Built
Neighborhood:
Metes and bounds
County:
St. Lucie
Area:
Fort Pierce
Property Description
Landmark office building. 18,228 square feet. (15,600 leasable). 100% occupied(3 tenants). Gross Income $195,192. Operating Expenses of $58,343. Current Net Operating Income of $136,849.4 bathrooms. Common use bathrooms on each floor and bathrooms in suites 100 and 200. 79 parking spaces. Owner spent approx. $30,000 upgrading the elevator in 2016/2017. A reroof was completed in 2011 for $44,000. Please see income & Expense Summary/Lease summary, roof contract, floor plans, and leases under documents tabThe CPA firm will extend current lease for 3 years-First Year- $15.70 psf($84,780 yr), 2nd Year -$16.17 psf($87,318), 3rd Year - $16.66 psf ($89,964)
Exterior Features

Construction Cbs Roof Built-Up

Interior Features

Bath Toilets 11.00 Cooling Central Flooring CarpetTile Heating Central Percent Air Conditioned 100.00

Property Features

Auction No Available Docs AerialNone Available Info Copies Of Lease Built Desc Resale Contingent Active Under Contract Contingents Inspection Fire Protection None For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Possession Subject To Lease Sale Includes Building And Land Special Info City Jurisdiction Tax Amount Real Estate Taxes 19824.20 Tax Year 2021 Tenant Pays Electric Terms Considered Cash Type Of Building Free StandingOffice/Professional Use Professional Office Utilities Public SewerPublic Water Zoning Gen Commercial

Listing provided courtesy of Coldwell Banker Paradise: (772) 461-3250. Listing information © 2022 BeachesMLS
 
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Ryan Jennings Group at Keller Williams Realty
12008 South Shore Blvd.
Wellington FL, 33414