DOWNTOWN OFFICE CENTRE INVESTMENT - 1201 19th Place $7,500,000

1201 19th Place, Vero Beach
• Located directly on the East bound lane of SR 60 on busy corner in downtown Vero Beach!
• Walking distance to restaurants & shopping!
• Meticulously maintained inside and outside!
• Three Covered parking spaces available per floor
• Long term cellular telephone roof tower leases
• Some office currently available to buyer!
• New roof on Building A in 2017. B replaced in 02.
• Completely repainted in 2015
• Building: 

Bldg. A Gross SF = 20,452 + Roof PH 966 SF  = 21,418 
Bldg. B Gross SF = 19,616 + Roof PH 600 SF+= 20,216
                                40,068                                     41,634                

• Property Size: 1.96 Acres, with approximately 256 ft. of frontage on Rte. 60 East and approximately 412 ft. of depth.
• Year Built: Building A = 2005 / Building B = 1972
• Zoning: (DTW) Downtown District
• Utilities: City Water, Sewer & Electric
• R.E. Taxes: $52,715.79 (2017)
• NOI: $580,000 (currently 90% occupied)
• CAP RATE: 7.7%

SALE PRICE: $7,500,000