Q. What is an office condominium?

A. An office condominiums is an individually-owned commercial property typically offered on smaller square footage basis than larger office buildings. Similar to residential condominium owners, office condominium owners have their individual unit but they also own an undivided interest in the common areas of the development such as the entries and parking lots.

Q. What type of business would buy an office condominium?

A. Small and mid-sized professional services such as accounting, legal, insurance, engineering or architectural design firms as well as consultants. Virtually any business can benefit from buying their own office condominium who require between 1,100 and 6,500 square feet of office space.

Q. What are the benefits of owning vs. leasing an office?

A. Like any property purchase, owning an office condominium builds equity and long-term property appreciation, enhances your personal portfolio and improves your credit by owning an asset. Ownership gives you control over decisions about your office environment and needs and builds brand and image awareness. Interest paid on mortgages is tax deductible. Office condominiums are designed for convenience, with easy accessibility for employees and customers —offering parking lots that allow for convenient parking at the front door.

Q. Are multiple side-by-side units available to purchase?

A. Yes. The development is designed to accommodate multi-unit purchases. In fact, some buildings are smaller in overall size so that an owner could purchase the entire building.

Q. What is the office condominium constructed of?

A. The office condos at Palmetto Landing, will be constructed of concrete block with a metal roof providing a hurricane-resistant and non-combustible building material. Concrete block also provides superior protection against termite damage.

Q. Who handles the property maintenance?

A. The Palmetto Landing Owners Association will manage and maintain the common areas including building exterior, parking lots, landscaping and irrigation and lake.