INVESTMENT OPPORTUNITY IN ST. LUCIE WEST
| Price | $17,392,606 | No. Stories | 1 |
| Building Size | 112,410 SF | Building Class | A |
| Price/SF | $154.72 | Tenancy | Multiple |
| Property Type | Office | Year Built | 2006 |
| Property Sub-type | Office-Building Office Building Park |
Lot Size | 11 AC |
| Property Use Type | Investment | APN / Parcel ID | 3325-600-0004-000-7 |
| Cap Rate | 7.50% | Parking Ratio | 5 / 1,000 SF |
| Occupancy | 91% |
Description
CAP RATE REVISED UPWARDS TO 7.50%!
UNIVERSITY PARK is a Class A Commercial/Office project consisting of three buildings totaling 112,410± square feet in the Master-Planned St. Lucie West Community in Port Saint Lucie, Florida. Offered at a stabilized occupancy rate, this property is leased by a variety of commercial/office tenants including iVox Solutions, CareerSource, Technology Integration Group and the Army/Navy Recruiting Center. Ideally located in the St. Lucie West master-planned community, this established area is strategically situated with immediate access to Interstate 95 with strong demographics to the north and south of the property.
This property offers investors an opportunity to purchase a stabilized commercial/office project with excellent cash flow, upside opportunity through the leasing of remaining vacant suites, and increase rents as existing leases mature and benefit from continued market rental rate growth & demand projected throughout the market.
University Park is located on the corner of NW University and Peacock Boulevards directly across from Tradition Field. This facility is in the heart of St. Lucie West, minutes away from shopping, banking, restaurants and employment centers with easy access to I-95 and Florida’ s Turnpike.
Highlights
- Three Class A Commercial/Office Buildings totaling ±112,410 Sq. Ft.
- Prime Location in the Master-Planned Community of St. Lucie West
- Well Maintained Building and Grounds
- Historically High Occupancy Rates
- Tilt-Wall Concrete Construction and Built to Hurricane Impact Standards
- Close Proximity & Easy Access to I-95 & Florida’ s Turnpike