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Wade M. Berlin

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Broker IDX Sites Inc.
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19700 Cochran Boulevard
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PRICED AT ONLY: $5,250,000

Address: 19700 Cochran Boulevard, PORT CHARLOTTE, FL 33948

Description

PRICE REDUCTION!! This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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  • MLS#: C7508429 ( Commercial Sale )
  • Street Address: 19700 Cochran Boulevard
  • Viewed: 82
  • Price: $5,250,000
  • Price sqft: $415
  • Waterfront: No
  • Year Built: 2006
  • Bldg sqft: 12645
  • Days On Market: 118
  • Acreage: 1.40 acres
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 11980.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: Divided Highway
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: HDP 000 0000 0002 HOME DEPOT COMM L PARK LT 2 1.4038 AC. M/L 2239/1288 RES2461/1642 2492/1715 4937/1921 3366212
  • Area Major: 33948 - Port Charlotte
  • Parcel Number: 402208127002
  • Views: 82
  • Zoning Code: IG

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin