92295 Old State Road

    Key Largo, FL 33037
    • $2,500,000
    • STATUS: Active
    • ON SITE: 119 days
    • MLS #: 584858
    UPDATED: 117 min ago
    $2,500,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,090
      SQFT
    • $155
      $/SQFT
    Type:
    Commercial
    Built:
    1994
    County:

    School Ratings & Info

    Description

    Unique investment opportunity in Upper Keys for long term investors or buyers looking for 1031 Exchange property to purchase. Ocean Studies Charter School, a Montessori Island School, is the tenant with a Triple Net (NNN) Lease. Base rent is $204,000/ yr. with tenant paying all expenses. Equals 8.16% cap rate at asking price. Lease is renewed every 5 years with funding from the State. Lot size is .86 Acres or 37,477 sf. There is 2 story building with approx. 6,241 sf. rentable space. CBS building built in 1994 for the school. Ample parking for employees and offloading area for parents & students. Current student count is 106 and expected to grow. Listing shared with another Commercial Real Estate firm in Miami.

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Doug Mayberry Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
    www.dougmayberry.com/homes/92951508

    92295 Old State Road Key Largo, FL 33037

    • Price: $2,500,000
    • Status: Active
    • Updated: 117 min ago
    • MLS #: 584858
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    16,090
    SQFT
    $155
    $/SQFT
    1994
    Built
    Neighborhood:
    Tavernier Ocean Shores (92.0)
    County:
    Monroe
    Area:
    26 - Key Largo S Of Mm 96.9
    Property Description
    Unique investment opportunity in Upper Keys for long term investors or buyers looking for 1031 Exchange property to purchase. Ocean Studies Charter School, a Montessori Island School, is the tenant with a Triple Net (NNN) Lease. Base rent is $204,000/ yr. with tenant paying all expenses. Equals 8.16% cap rate at asking price. Lease is renewed every 5 years with funding from the State. Lot size is .86 Acres or 37,477 sf. There is 2 story building with approx. 6,241 sf. rentable space. CBS building built in 1994 for the school. Ample parking for employees and offloading area for parents & students. Current student count is 106 and expected to grow. Listing shared with another Commercial Real Estate firm in Miami.
    Exterior Features

    Construction Other Construction Dockage None Land Size 1/2 - Less Than 1 Ac Lot Size 0.86 Acres Side N/A Style Commercial Waterfront None Waterfront YN No Waterview No Waterview

    Interior Features

    Appliances No Appliances

    Property Features

    Assoc Hoa YN No Assoc Right Of Refusal No Bank Owned No Bank Owned Financial Status No Business Name Ocean Studies City Key Largo Commercial Type Other Services Control Depth 0 Fee Includes None Listing Board Key West Association Mile Marker 92.00 Off Shore Island No Potential Short Sale No Potential Short Sale Financial Status No Property Type Commercial Tax Year 2018 Taxes 1725.59 Utilities FkaaMunicipal Sewer Zoning Sc - Sub Urban Commercial District

    Listing courtesy of Curtis A Skomp, Ccim of Re/Max Keys Connection (Kw).


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Doug Mayberry Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
     
    Doug Mayberry Real Estate
    1075 Duval Street, Suite C23
    Key West FL, 33040