Investment Property in Center of Port Charlotte's Medical & Hospital District in Tower Professional Center. Great location at signalized intersection on Tamiami Trail / US 41. Roof, windows and doors replaced in 2004 in accordance with 2004 hurricane standards (impact glass, impact doors, etc). Most of building's tenants are unit owners and have been occupying space for extended length of time. Current lease rate of this unit is below market rental rate. Current tenant has been in place for four years, has two years remaining on this lease term and the option to renew for three more years at 3% annual escalator. 6.5% CAP rate.
Location
Office Condo in the Tower Professional Center. Located just off a signalized intersection on US Hwy 41 / Tamiami Trail in the Center of Port Charlotte's Hospital and Medical District.
Highlights
- Great location at Signalized Intersection on Tamiami Trail
- In Center of Port Charlotte's Medical & Hospital District
- Building of Long-Term Tenants
- Property Type
Office
- Year Built
1984
- Total Building Size
3,187RSF
- Total Acres
0.08
- Building Class
B
- Property ID
1296950
