For Sale $4,950,000
Property Type Office - General Office
Property Size 12,253 SF
Lot Size 1.83 Acre
Building Class A
Year Built 1993
Date Updated Apr 11, 2024

Located on Monterey Road in the heart of Stuart with easy access to Hutchinson Island, Sewall’s Point, Jensen Beach, Palm City, Hobe Sound, and Jupiter Island. Monterey Commons is located adjacent to Martin County Airport and Martin County administration building, with close proximity to Cleveland Clinic North and the Martin County Courthouse. Located within 10 minutes of I-95 and Florida’s Turnpike.Beautifully maintained single story office building built in 1993. 100% Leased to Merrill Lynch, an original tenant. Located in a node of Class "A" office buildings occupied by financial, legal, medical and professional office tenants. Lease expires 10/31/26, with two 5 year options to renew. Landlord has certain roof and structure responsibilities. Estimated NOI of $304,880. Annual rent increases of $0.50/sf.

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Attachments

Property Flyer - Sale (PDF) opens in new window

Contacts

Jeffrey D. Chamberlin

SLC Commercial

(772) 220-4096

Location

Getting Around

Walk Score ®
57/100 Somewhat Walkable
Bike Score ®
52/100 Bikeable

Map
Street

City Stuart, FL
Neighborhood Vista Pines
Zip Code 34996

Points of Interest

Shell

0.30 miles
Mobil

1.78 miles
Sunoco

1.83 miles
Mobil

1.85 miles
Citgo

1.89 miles
Speedway

1.96 miles
Speedway

2.25 miles
Mobile

2.85 miles
Marathon

3.16 miles
Texaco

3.54 miles

Witham Greenway Trailhead

0.51 miles
Sailfish Parking Lot

1.96 miles
City Hall Lot

1.98 miles
Gilbert's Bar Parking

3.57 miles

Suburban Extended Stay Hotel Stuart

1.44 miles
Best Western Downtown Stuart

1.45 miles
Clarion Inn Federal Hwy 1

1.51 miles
Quality Inn Downtown Stuart

1.73 miles
Old Colorado Inn

1.83 miles
Royal Palms Motel

2.04 miles
Monterey Inn and Marina

2.42 miles
River Palm Cottages & Fish Camp

2.75 miles
Marriott Hutchinson Island Beach Resort, Golf & Marina

2.80 miles
Caribbean Shores Waterfront Resort

2.94 miles

Jimmy John's

1.28 miles
Anthonys Coal Fired Pizza

1.31 miles
Casa Tequila

1.32 miles
Bonefish Grill

1.32 miles
Chipotle

1.35 miles
Five Guys

1.35 miles
China Star

1.36 miles
Benihana

1.36 miles
Berry Fresh Cafe

1.36 miles
Tijuana Flats

1.37 miles

Trover Boys Ranch

0.17 miles
Redeemer Lutheran School

0.26 miles
Saint Mary Preschool

0.27 miles
Saint Joseph Catholic School

0.59 miles
Community Christian School

0.77 miles
JD Parker Elementary School

0.79 miles
Spectrum Academy

1.20 miles
Martin County Adult Center

1.32 miles
Martin County School Administration

1.34 miles
Stuart Middle School

1.38 miles

Gertrude Walden Day Care Center

1.24 miles

Frequently Asked Questions

What is the lease rate for Merrill Lynch Building?

Rental asking rate at Merrill Lynch Building is $2,475,000.00/YR.

What is the total square footage of Merrill Lynch Building?

Merrill Lynch Building totals 12,253 square feet.

When was this property built?

Merrill Lynch Building was built in 1993.

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