Active

$5,250,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRW7885772
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
This offering presents a rare opportunity to acquire a mission-critical asset leased to the U.S. General Services Administration (GSA), providing investors with secure, long-term income backed by the full faith and credit of the federal government. Strategically positioned within a growing Florida market, the asset offers both income stability and potential long-term upside supported by favorable regional fundamentals. This investment is particularly attractive for buyers seeking a passive, low-management asset with institutional-grade tenancy. The strength of a GSA lease, combined with the property’s functional design and established occupancy, creates a compelling opportunity to secure a high-quality government-backed income stream. The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.
Financial Considerations
Price:
$5,250,000
HOA Fee:
N/A
Tax Amount:
$32000
Price per SqFt:
$344.65
Tax Legal Description:
COMM SE COR OF SW1/4 OF NE1/4 OF SEC RUN N00-15-30W 200 FT S90-00-00W 1265.17 FT S12-53-54E 303.74 FT N77-06-06E 128.19 FT S12-53-54E 102.83 FT TO POB CONT S12-53-54E 61.23 FT TO CURVE RUN WLY ALONG CURVE 62.97 FT N12-53-54W 60.12 FT TO PT ON R/W LIN E OF COMMERCE DR RUN ELY ALONG SAID CURVE & R/W 62.81 FT TO POB
Exterior Features
Lot Size:
118048
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
2008
Construction Type:
Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    550 COMMERCE DR
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