Medical Office – Free-Standing Building in Margate, FL – Sale-Leaseback Opportunity

Category: Medical Office

Price:$1,050,000

Location: Margate, FL

Year Built: 1971

Days on Market: 39

Description:

This free-standing building, currently owned and operated by an established veterinarian, is being offered for sale as part of a sale-leaseback arrangement. The owner intends to lease the property back for ten years on a triple-net basis, which entails the tenant paying all expenses real estate taxes, water, trash, and electricity. The new owner is responsible for the outside of the building, the roof, A/C, etc. This property offers the new owner a management-free investment experience, avoiding management fees and headaches. The property is strategically situated in a prominent commercial area in Margate, North Fort Lauderdale, presenting substantial potential for appreciation and significant tax advantages associated with owning income-generating real estate

This free-standing building, currently owned and operated by a veterinarian

Listing Code: 1119156498