Merrill Lynch Building

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 10/31/31, with two 5 year options to renew. Landlord has certain roof and structure responsibilities. Roof was replaced in 2020. Estimated NOI of $343,084. Annual rent increases of 2%.