12,463 SF Two Story Office Building€¦ · after prolific inventor Sterling Elliott, the museum houses permanent including Model AA Trucks, early transportation, history of Stuart

Offered At:

$1,195,000($95.88/SF)

12,463 SF Two Story Office Building1100 SE Federal Highway, Stuart, FL 34994

JJ SanguilySales Associate+1 772 286-6292 c +1 772 834 [email protected]

Presented by

Boyd G. Bradfield, CCIM, SIORFounder 772 286 6292 direct772 286 7535 [email protected]

100 SW Albany Avenue, 2nd Floor, Stuart, Florida 34994 | +1 772 286 6292 | naisouthcoast.com

Property DetailsPrice: $1,195,000.00 ($95.88/SF)

Location: 1100 South Federal Hwy. Stuart, FL Near Downtown Stuart, Courthouse, Hospital, Post Office, etc.

Building Size: 12,463 square feet in two stories first floor 6,505 sq. ft. and 5,958 second floor serviced by elevator and stairs

Improvements: Built out as professional office space

Age: Constructed 1989

Lot Size: .88 Acres plus adjoining .265 acre lot with existing home which may be a tear down. This lot was used as overflow parking by the previous tenant during large meetings.

Frontage: 123 feet on Federal Hwy

Zoning: Commercial / B-2 Business General City of Stuart, FL

Signage: Monument sign on Federal Hwy

Parcel ID#: 09-38-41-009-000-00020-2

Land Lease: The building is on a Land Lease Agreement dated December 1, 1987 between Ashely Family Properties, Ltd. And Warner, Fos, Seeley & Dungey, Attorneys P.A. The initial term is 50 years and commenced December 1, 1987. The Lease has an option to extend for an


additional 40 years or until November 30, 2077. Current annual rent - $29,230.75

Land Lease Tax benefits. Rent payments made by the Advantages: tenant are tax deductible along with building depreciation.

Reduced cost, land acquisition costs are eliminated, freeing up the tenant’s capital

Immunity to market fluctuations. There is no risk to the tenant in terms of market value of the land on which their property sits.

Rent Amount: If cash is paid $1,195,000 at a 7% return annual rent would be $83,650.00 plus $29,230.75 annual land lease = $112,880.75 annual net lease or $9,407.00 per month. $9.06 NET per sq. ft.

OverviewGreat Stuart professional office located directly on US.1 with excellent

visibility and signage. Easy access to I-95, The Florida Turnpike

nearby Downtown Stuart’s shopping, Fine dining restaurants and

only 1.5 miles away from the hospital and a mile to the Martin

County Courthouse. The building is totally built out as a two-story

professional office serviced by an elevator and recently renovated.



• Premier Location south of the Roosevelt Bridge in the City of Stuart.

• Signage on US Hwy 1



Property Images



Property Images



Property Images



FIRST FLOOR



SECOND FLOOR

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292 naisouthcoast.com100 SW Albany Avenue, 2nd Floor, Stuart, Florida 34994 | +1 772 286 6292 | naisouthcoast.com

The cities that make up Martin County are Jensen Beach/Rio, Stuart/Sewall’s Point, Hutchinson Island, Hobe Sound, Jupiter/ Tequesta, Palm City, Port Salerno and Indiantown. Martin County is a wonderful place to visit and live, with beaches, golf, fishing and boating. The County boasts arts amenities, quaint downtowns with shops, gourmet dining and galleries, museums, historic places, festivals and more.

Martin County is for...

The golf enthusiast... Martin County is home to over 35 world-class golf courses all within a 15-mile radius. The sun worshiper... The County offers its visitors and residents alike some of the finest beaches on the east coast. The discriminating arts shopper...More than 20 galleries participate in a monthly First Thursday gallery night. Many of these galleries are in the historic downtowns of Stuart, Jensen Beach, Port Salerno and Hobe Sound. The music lover...The historic Lyric Theatre offers a wide-array of fist class talent nearly 300 days a year...This acoustically amazing theatre features concerts for all music lovers, from classical to rock and roll, and theatrical performances by local and national talent.

For the die-hard festivals-goer...There are plenty to choose from and during the best Florida weather you can find. The Port Salerno Seafood Festival, Bookmania, ArtsFest, Pineapple Festival or one of the many festivals throughout the year. The Treasure Coast Children’s Museum is a great place for the kids located at Indian Riverside Park which has a fabulous water play area, fishing, and a riverfront view. Often, there are also events in the park including concerts, orchid shows, and more. Indian Riverside Park also features the Maritime and Yachting Museum. Hutchinson Island houses the Elliott Museum which focuses on art, history and technology. Named after prolific inventor Sterling Elliott, the museum houses permanent including Model AA Trucks, early transportation, history of Stuart and surrounding regions and baseball memorabilia. For the more scientifically minded and curious kids, the Florida Oceanographic Coastal Center which offers a fun opportunity to learn more about our local ecosystem and even feed a stingray!

County Overview Martin County, Florida


Stuart, Florida is located on Florida’s East Coast, which borders the St. Lucie River and West of the Indian River. The climate is pleasant with mild winters and warm summers. The annual average temperature is 72 degrees. Annual rainfall averages 70.44 inches.

Stuart is famed for Sail fishing and all other types of sport fishing, you can enjoy Ocean fishing, river and bay fishing, fresh water fishing. The North and South forks of the St. Lucie River are tropical wonderlands for cruises. Stuart has quaint older neighborhoods in the downtown area. There is a mixture of town homes and condominiums. Stuart’s successful revitalization program has made the Downtown area a pleasant ambiance, lined with shops and restaurants.

The top major employers are, Martin Memorial Hospital, Vought Aircraft, Municipal Government, and thousands of successful small businesses. The economy is driven by retail service, hospitality, construction and government sectors located throughout the city.

At the present time Stuart is a growing community, annexing new properties north and south of the city, currently 6.25 square miles. Revitalization is in progress in the Potsdam section of the downtown area as well as North of the new Roosevelt Bridge. The new Roosevelt Bridge was completed in 1996, and the Department of Transportation recently finished the Evans Crary Bridge, which leads to Stuart’s Public Beaches.

City Overview City of Stuart, Florida


2019 Demographics

Custom Map

Source: ©2019 Esri.

February 13, 2020

©2020 Esri Page 1 of 1

Population

• 1 Mile 7,640

• 3 Mile: 44,932

• 5 Mile: 92,064

Average Household Income

• 1 Mile $62,974

• 3 Mile: $85,012

• 5 Mile: $92,221

Median Age

• 1 Mile 49.7

• 3 Mile: 51.1

• 5 Mile: 52.5

Demographic and Income Comparison Profile1100 SE Federal Hwy, Stuart, Florida, 34994 NAI SouthcoastRings: 1, 3, 5 mile radii Latitude: 27.18813

Longitude: -80.24813

5 miles

AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent)

3

2.5

2

1.5

1

0.5

Population Households Families Owner HHs Median HH Income

20192024

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2019 Household Income 2019 Household Income

< $15K10.4%

$15K - $24K9.8%

$25K - $34K10.6%

$35K - $49K13.4%

$50K - $74K15.7%

$75K - $99K11.3% $100K - $149K

13.1%

$150K - $199K6.2%

$200K+9.4%

2019 Population by Race2019 Population by Race

Perc

ent

80

70

60

50

40

30

20

10

0White Black Am.Ind. Asian Pacific Other Two+ Hisp

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.

February 13, 2020

©2020 Esri Page 7 of 7


Regional Maps

Offering SummaryLISTING AGENTS

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

Offered At:

$1,195,000($95.88/SF)


JJ SanguilySales Associate+1 772 286-6292 c +1 772 834 [email protected]

Boyd G. Bradfield, CCIM, SIORFounder 772 286 6292 direct772 286 7535 [email protected]

Documents

12,463 SF Two Story Office Building€¦ · after prolific inventor Sterling Elliott, the museum houses permanent including Model AA Trucks, early transportation, history of Stuart