11600 Overseas Highway,
Marathon FL, 33050
Description
3.8%-4.6%. End of lease term is 2032 however Tenant willing to sign an additional 5 year option with 10% rent increase providing you a CAP of 4.6%. NNN + Lease with no expenses to the owner whatsoever. No need for property manager here as Tenant has been there 28 years and has recently remodeled the entire building and adding additional renovations by year end 2020. Located just south of Vaca cut bridge Directly off US 1. Well established National Tenant maintains all property taxes, insurance, and property maintenance approx. 35k annually. New roof 2018, new interior walls, paint, electric, lighting, insulation, breaker boxes, updated bathroom, added extra bathroom in 2018. Recent appraisal for Building based on size and square footage of $1,699,999. Appraisal available upon request
Details
| MLS# | 590653 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 311 |
Features
| SQ Feet | 7,130 |
|---|---|
| Story(s) | 1 |
| Zoning | RM - Residential Medium |
Market Activity 33050
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Learn More About This Property
| Area Information | |
|---|---|
| State | FL |
| County | Monroe |
| City | Marathon |
| Zip Code | 33050 |
| Area | Middle Keys |
| Listing VS Median (in 33050) | |
Price: $1,699,999 low | high Med: $439,000 SqFt: 7,130 low | high Med: 875 $ / SqFt: $238 low | high Med: $502 On Site: 311 low | high Med: 10 Sourced by Back At You | |