3371 SW Martin Downs Blvd
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3371 SW Martin Downs Blvd
5,721 SF 100% Leased Office Building Palm City, FL 34990 $3,394,841 CAD ($593 CAD/SF) 6.70% Cap Rate
Investment Highlights
- Professionally kept property with new roof and mechanicals
- Open Plans with lots of natural light.
- Great access to I-95 and the Florida Turnpike. High traffic area.
- Close to the new community of Newfield soon to be over 1000+ new homes.
Executive Summary
5721 sf professional building available for sale. 2690sf currently leased until Sept 2027. 3031sf available to lease or to occupy by the new owner. New roof in 2023. New AC units in 2022 and 2023. Property is in excellent, move in condition. This building is conveniently located on the main thoroughfare through Palm City and has direct access to the Florida Turnpike as well as I-95. Suite A will be available for use or lease upon closing. This area is currently setup as a professional hairstylist space for up to 13 stylists and includes separate rooms for massage and aesthetics as well as areas for manicure and pedicure services. The entry area has client seating with a reception desk and retail sales area. Suite B is currently leased and occupied by the top real estate office by volume in Martin County. The lease currently runs through Sept 2027. Current lessee would be willing to extend the lease if available. There are 39 parking spaces on site as well as a screened, private, trash area to the rear of the building. Additional details for the lease on suite B are available upon request.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,721 SF
Building Class
B
Year Built
2007
Price
$3,394,841 CAD
Price Per SF
$593 CAD
Cap Rate
6.70%
NOI
$227,454 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,031 SF
Building FAR
0.16
Lot Size
0.84 AC
Zoning
PUD-R - PLANNED UNIT DEVELOPMENT
Parking
39 Spaces (12.87 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Upon entry there is a waiting area as well as a reception desk. There is also a small retail area. Currently the property is setup for hair stylists with 13 stations as well as a private aesthetics room. There is also a dedicated area for manicure and pedicure services. The property is ideally also suited to be divided into private office suites without much construction. There is a total of 39 parking spaces for the building.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A | 3,031 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste A
| Size |
| 3,031 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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1st Fl-Ste A
| Size | 3,031 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Upon entry there is a waiting area as well as a reception desk. There is also a small retail area. Currently the property is setup for hair stylists with 13 stations as well as a private aesthetics room. There is also a dedicated area for manicure and pedicure services. The property is ideally also suited to be divided into private office suites without much construction. There is a total of 39 parking spaces for the building.
1 of 61
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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3371 SW Martin Downs Blvd
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