Investment Opportunity - Timberland Plaza — Sale in Milton, FL

  • Price: $1.7M
  • Listing type: For sale
  • Asset type: Office
  • Location: Milton, FL 32570
  • Size: 16,450 SF
  • Year built: 2003

Investment Figures

Price per square foot
$105

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Perfect investment opportunity for a business professional complex in Milton, Florida. Timberland Plaza is fully occupied with professional tenants like attorney and medical offices along with non-profit business offices. The plaza is positioned with two buildings, on two separate parcels with an access easement that provides access to both buildings and a rear adjacent property in the rear of the plaza. The plaza has a total of 16,450 SF with a history of stable tenants. The leases are currently between 1-2 year term leases. At present all leases are gross leases with the landlord paying property taxes, insurance and common area maintenance. Existing monthly rental income is estimated at $14,440 or $173,280 annually. Expenses for the plaza: $6000.00 annually (CAM) $22,000 (Property Taxes) $15,000 (Building Insurance) Estimated NOI: $130,280 annually or 7.6% cap rate. Call Listing Broker with any questions. Building SF: 16450 | Land Size: 2.23 Ac | Year Built: 2003 | Listing Type: FOR SALE

Market Context

This office in Milton, FL is listed for sale at $1,725,000 across 16,450 SF ($105/SF). The building dates to 2003. It has been on the market for 71 days. Compare it against other office listings for sale in Milton, FL — view the full market.

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