5900-5920 Pan American Blvd North Port, FL 34287
- Office Properties & Spaces
- 28,052 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5900-5920 Pan American Blvd
- Year built
- 2007
- Property size
- 28,052 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office complex, the Pan American Professional Center, presents a compelling investment opportunity in the rapidly growing North Port, Florida market. Located on a high-visibility corner lot at the intersection of Tamiami Trail (US 41) and Pan American Blvd, this 28,052 square foot property boasts two Mediterranean-style buildings totaling two stories, offering 100% occupancy and a strong pro-forma NOI of $428,400. The property sits on a 2.76-acre lot (120,294 sq ft), including a one-acre buildable retail pad, presenting significant future development potential. Built in 2007, the center features attractive landscaping, a fountain, gazebo, and ample shared parking. The PCD zoning allows for a mix of uses, including retail, office, residential, and special purposes. With a current asking price of $7,000,000 and a 6.12% cap rate, this investment offers exceptional returns in one of the fastest-growing cities in the United States. North Port's robust population and job growth, particularly centered around the Wellen Park master-planned community, ensures long-term value appreciation. The property's daily maintenance ensures beautiful curb appeal and a secure investment. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Port
- County
- Sarasota
- State
- Florida
- Longitude
- -82.243
- Latitude
- 27.0462
