MLS® ID: C7412352
2570 COMMERCE PARKWAY
NORTH PORT, Florida, 34289 $920,000
Office condo, with a single tenant, located in North Port Park of Commerce, off of Toledo Blade Blvd.
NNN investment opportunity in Sarasota County with 7.47% CAP.
Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd.
Located among other small professional and medical offices.
Interior built out by current tenant from gray shell in 2016.
Office serves as corporate headquarters for single tenant, Earth Balance. They provide providing ecosystem restoration and environmental consulting services and have been in Sarasota County for 33 years.
Tenant currently in the third year of a seven year lease.
3% annual escalation rate.
Tenant has one option to renew lease for a 7 year term that continues 3% escalation rate, with all other lease terms remaining the same.