Office Building for Sale in 6802 Energy Court, Sarasota, Florida, USA

Single Tenant, Net Leased, 10-Years Guaranteed, 7.7% Cap

Single tenant, NNN leased, single story modern office building in Sarasota, Florida. This is a four year old, net leased office building located in a modern corporate park, just off an Interstate highway. The building was constructed by the tenant company which handles sensitive electronic medical and financial data for large physician groups across the United States. The building is a traditional office building, but has greatly enhanced structural components which make it highly energy efficient and able to withstand severe weather. There is a full-building generator for reserve power. The ten year lease has an effective date of June 1, 2012. There are also two, 5-year options. The tenant is a large, national U.S. company with sales of about $50M. The property will generate OVER $384,000 in the current year. There are also yearly rent increases. The triple-net lease is well-written. This will be a quick, clean sale -- there are no problems or liens. The CAP rate is 7.7% at the asking price of $5,999,900.