2301 Southeast Monterey Rd Stuart, FL 34996

Building Details

Year Built

1993

Listing agency SLC Commercial c***@slccommercial.com Show Phone

Listed by Jeffrey D. Chamberlin Show Phone

Source Slccommercial

Added: Jul 15 Updated: Jul 21 at 4:24AM Checked: Jul 21 at 4:24AM

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Investment Insights

Based on property information with market context.

Beautifully maintained single-story office building built in 1993. The property is 100% leased to Merrill Lynch, an original tenant, with the current lease expiring 10/31/31 and two additional 5-year renewal options. The landlord has certain roof and structure responsibilities, and the roof was replaced in 2020.

The building is located within a node of Class “A” office buildings occupied by financial, legal, medical, and professional office tenants.

The lease includes annual rent increases of 2%. The estimated NOI is $343,084.

Key Highlights

• Single‑story office building built in 1993 and 100% leased to Merrill Lynch (original tenant).
• Lease set to expire 10/31/31 with two 5‑year renewal options.
• Roof replaced in 2020; landlord has certain roof and structure responsibilities.

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FAQs

What type of property is this?

Office building - Built in 1993 and 100% leased to Merrill Lynch, with a lease set to expire 10/31/31.

Where is this office building located?

The property is located at 2301 Southeast Monterey Rd Stuart, FL.

What is the asking price?

The asking price for this property is $5,350,000.

What are key features of this property?

This property features: Single‑story office building built in 1993 and 100% leased to Merrill Lynch (original tenant).; Lease set to expire 10/31/31 with two 5‑year renewal options.; Roof replaced in 2020; landlord has certain roof and structure responsibilities.