John DeMarco with Re / Max 5 Star Realty is pleased to present the sale of “Vero Beach Office Park. ” The subject property consists of 40,026 sq.ft of gross building area well situated, on a large 1.97-acre lot. This office building has a strong tenant mix o

1201 19TH PL, Vero Beach

$12,800,000 USD
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Address1201 19TH PL, Vero Beach
Type of BusinessOffice Space, Professional
Price$12,800,000
Property StatusActive
MLS NumberA10952828
Property Size85661
Lot Size85661
Year Built2005
Folio Number33390200007011000001.0
Net Operating Income$704,026
Zoning InformationDTW
Days on Market168

Detailed Description: John DeMarco with Re / Max 5 Star Realty is pleased to present the sale of “Vero Beach Office Park. ” The subject property consists of 40,026 sq.ft of gross building area well situated, on a large 1.97-acre lot. This office building has a strong tenant mix of 14 tenants and is currently 88.15% leased. This building is in excellent overall condition and very well maintained. The property was constructed in 1972 and fully renovated in 2019 with over $1mil in recent improvements. This property is being sold at only $319.00 per SF. This is an excellent investment opportunity. Please remember to not disturb existing tenants. Please call for additional information or to receive an offering package.

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Address Information
StateFlorida
CityVero Beach
CountyIndian River County
Zip Code32960
Address1201 19TH PL
Zip Code (4 Digits)0631
Financial Information
Price$12,800,000
Price per Foot$0
Folio Number33390200007011000001.0
Net Operating Income$704,026
Tax Amount$84,964
Full Descriptions
Detailed DescriptionJohn DeMarco with Re / Max 5 Star Realty is pleased to present the sale of “Vero Beach Office Park. ” The subject property consists of 40,026 sq.ft of gross building area well situated, on a large 1.97-acre lot. This office building has a strong tenant mix of 14 tenants and is currently 88.15% leased. This building is in excellent overall condition and very well maintained. The property was constructed in 1972 and fully renovated in 2019 with over $1mil in recent improvements. This property is being sold at only $319.00 per SF. This is an excellent investment opportunity. Please remember to not disturb existing tenants. Please call for additional information or to receive an offering package.
Property parameters
Living Area85661
Lot Size85661
Total Acreage0.000
Zoning InformationDTW
Maximum Leasable Size85661
Year Built2005
Type of BusinessOffice Space, Professional
Listed withRE/MAX 5 Star Realty