19700 COCHRAN BOULEVARD at

19700 COCHRAN BOULEVARD

For sale Days on market 312

$5,250,000

$438/sq ft

$450,000
Price Decreased

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Overview

Year Built

2006

Sqft

11980

Property Type

Office

Property Description

PRICE REDUCTION!! This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.

Property Details

MLS#

C7508429

Total Floor in Bldg

Address

19700 COCHRAN

City

Port Charlotte

State/county

Zip/Postal Code

33948

Area

Home Depot Comm L Park

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$31,400

Maint Fee

$--

Tax Year

2024

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