3444 S Congress Palm Springs, FL 33461
SOLD FOR
$1,500,000
$2,000,000
(10.0%)
Overview
- Status: Closed
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 8,169 ft2/758.92 m2
- Price Per: $220.00 ft2/$2,371.78 m2
- Type: Commercial/Investment
- Built: 1977
- HOA: No info
- MLS Number: RX-10780119
- View No info
- On Site: 1,030 days
- Updated: Listing Refreshed: 322 Days Ago
Free standing single story office building with well established tenant in place. Buyer MUST be willing to buy with the current tenant in place until November 2026. Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 09/15/2022 | Sold | $1,500,000.00 | 16.7% | $183.62 ft2/$1,976.48 m2 |
| 06/27/2022 | Price Reduced | $1,800,000.00 | 5.3% | $220.35 ft2/$2,371.78 m2 |
| 05/11/2022 | Price Reduced | $1,900,000.00 | 5.0% | $232.59 ft2/$2,503.54 m2 |
| 02/28/2022 | Listed | $2,000,000.00 | $244.83 ft2/$2,635.31 m2 |
Contact Information
Tracey Schmitt Office
Real Estate Advisors
Office: (561) 948-1657
Email: info@bestofluxuryrealty.com
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