Professional Center | 611 SW Federal Hwy
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Professional Center 611 SW Federal Hwy
13,785 SF Office Building Stuart, FL 34994 $3,345,302 ($243/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically located along SE Federal Highway in Stuart, FL
- Enhancements include brand new HVAC units installed in 2022; the parking lot has also been recently restriped and sealed
- The plaza hosts a variety of stable, long-term tenants ranging from medical practices to professional service providers
- While already well-maintained, the property offers upside potential through possible rent escalations or tenant repositioning.
EXECUTIVE SUMMARY
Northgate Plaza is a well-maintained professional and medical office complex located along the highly visible and accessible SE Federal Highway in Stuart, FL. The property spans 13,785 square feet and features a diverse tenant mix ranging from medical practices to professional service providers, ensuring a stable and consistent rental income.
Key property improvements include the installation of brand new HVAC units in 2022, ensuring modern and efficient climate control for all tenants. Additionally, the parking lot was recently restriped and sealed, enhancing both the aesthetic appeal and functionality of the plaza.
With its prime location in a high-traffic area, excellent visibility, and strong tenant base, Northgate Plaza offers an ideal opportunity for investors seeking a well-positioned, income-generating asset in the heart of Stuart's commercial corridor.
Key property improvements include the installation of brand new HVAC units in 2022, ensuring modern and efficient climate control for all tenants. Additionally, the parking lot was recently restriped and sealed, enhancing both the aesthetic appeal and functionality of the plaza.
With its prime location in a high-traffic area, excellent visibility, and strong tenant base, Northgate Plaza offers an ideal opportunity for investors seeking a well-positioned, income-generating asset in the heart of Stuart's commercial corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,785 SF
Building Class
B
Year Built
1963
Price
$3,345,302
Price Per SF
$243
Cap Rate
6.50%
NOI
$217,445
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,893 SF
Building FAR
0.33
Lot Size
0.95 AC
Zoning
UH/UN - Urban Highway/Urban Neighborhood
Parking
55 Spaces (3.99 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
- 1st Fl-Ste L
- 612 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A | 1,077 SF | Office | Full Build-Out | 60 Days |
| 1st Fl-Ste B | 1,205 SF | Office | Full Build-Out | 60 Days |
| 1st Fl-Ste C2A | 565 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste D | 315 SF | Office | Full Build-Out | 60 Days |
| 1st Fl-Ste G | 610 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste L | 612 SF | Office | Full Build-Out | Now |
1st Fl-Ste A
| Size |
| 1,077 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Fl-Ste B
| Size |
| 1,205 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Fl-Ste C2A
| Size |
| 565 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D
| Size |
| 315 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Fl-Ste G
| Size |
| 610 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste L
| Size |
| 612 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste A
| Size | 1,077 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste B
| Size | 1,205 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste C2A
| Size | 565 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1st Fl-Ste D
| Size | 315 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
**SPACE WILL BE UNDERGOING RENOVATIONS AS OF FEB 2025; AVAILABILITY TO BE DETERMINED**
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste G
| Size | 610 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 05-38-41-006-001-00050-4 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,120,977 |
PROPERTY TAXES
Parcel Number
05-38-41-006-001-00050-4
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,120,977
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Professional Center | 611 SW Federal Hwy
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