For Sale
$5,195,000

10570 HwyPort St. Lucie, FL 34952

Prime Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This three-story, 20,958 square foot Class B office building is located at a high-traffic intersection in Port St. Lucie, Florida. Built in 1989 and extensively renovated between 2019 and 2023, the property boasts 100% occupancy with a diversified rent roll featuring staggered lease terms and annual increases. The asking price is $5,195,000, translating to $267.20 per square foot. Situated on a 1.89-acre lot with over 505 feet of frontage on US Highway 1, this stabilized asset offers a strong cap rate in a rapidly growing Florida city. The property is zoned for general commercial use and features a Net Net Net (NNN) lease type. The APN is 3414-501-4713-300-3. This exceptional investment opportunity combines a prime location with a recently renovated, fully occupied building, making it an attractive addition to any portfolio. The address is 10570 S U.S. Hwy 1, Port St. Lucie, FL 34952.

Highlights

  • Stabilized, fully occupied Class B office building.
  • Diversified tenant base with staggered lease terms and annual rent increases.
  • High-cap rate investment in a rapidly growing Florida market.
  • High-traffic location at a signalized intersection.
  • Over 505 feet of frontage on US Highway 1.

Property Details for 10570 Hwy

Property type
Office properties
Square Feet
20,958 SF
Class
B
Year Built/Renovated
1989/2019
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Port St. Lucie
County
St Lucie
State
Florida
Latitude
27.27192467
Longitude
-80.28867881
10570 Hwy, Port St. Lucie, Florida

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10570 Hwy
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