375 Commercial Ct. Suites E&F, Venice, FL 34292 - office property

Detailed information about office property which situated in Venice (34292) city, Florida state on 375 Commercial Ct. Suites E&F.

Additional Information: The property consists of 2 of 6office condominium suites in the Jacaranda Commercial Center. The Center was constructed in 2005. The 2 suites have been combined in to 1 office totaling 2,700 sq/ft of medical office space. The building is located at 375 Commercial Court just off Jacaranda Blvd. south of the I-75 interchange Venice, Florida. Commercial Court has a mixture of retail, professional office, restaurants and hotels. Jacaranda Blvd offers good access to the major residential area of Venice. Leaseback Terms: The Seller at closing shall leaseback the office suites for a period of 3 years with 2 options to renew for 1 year. The initial years rent shall be $5,000.00 per month gross with annual escalations in rent of 3%. Current expenses the net operating annual income is $52,464.00 which provides a 10% return based on the asking price of $525,000.00.