Flex Office Warehouse Space Cape Coral

Industrial for Sale
Catylist Listing ID: 30336963
Property Subtypes: Flex Space
Building Size (RSF): 1,300 SF
Gross Building Area: 16,000 SF
Gross Land Area: 45,375 SF
Sale Price: $149,900 - 159,900
Unit Price: $115.31 - 123 PSF
Ceiling: 14 ft.
Docks/Doors: 1 Door
Office SF: 300 SF
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Building Name: Lee Plaza
Usable Size (USF): 1,300 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 6/18/2019

Overview / Comments

12 unit flex office warehouse building with individual units for sale. Building is approx. 16,000 sf on one acre of land. Units vary in size from 1,300 to 1,400 sf. Of the 12 units, 9 units are currently for sale. 8 of the 9 units have tenants and may be bought for investment purposes. A number of tenants are month to month, so buyer may occupy or negotiate with tenants for long term leases. One unit is vacant and ready for occupancy. For those units with existing tenants, rents range from $950 to $1,200 per month plus tax. Water and trash are covered in HOA fees, along with landscaping and maintenance. HOA fees for 2019 are $275 per month. Seller is covering HOA fees for 2018.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 074524C3059010001
Property Located Between: Just east of Del Prado on SE 16th Place.
Highway Access: Within 2 blocks from Del Prado Blvd South.
Airports: Good access to RSW and Page Field airports
Site Description: Twelve unit flex office warehouse building with rear parking and adjacent on street parking. Building is approximately 16,000 sf on a one acre parcel. Eight units are approximately 1,300 sf and four units are approximately 1,400 sf. All units have front offices and rear warehouse space.
Area Description: Located in desirable SE Cape Coral in the downtown. The property has great access to Del Prado Blvd, the mid-point and southern bridges.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,400 SF
Property Condition: Average
Year Built: 2005
Roof Type: Barrel Shell
Construction/Siding: Stucco
Exterior Description: One story flex office warehouse building with 12 units. Mason/stucco exterior with tile barrel roof, handicap accessible. All units with front windows and rear warehouse overhead doors and door.
Parking Type: Surface
Total Parking Spaces: 52
Overhead Cranes: Undisclosed
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: All 12 units have office space along SE 16th and warehouse access in the rear.
Zoning Description: Mixed Use Land Use district and South Cape Zoning district. Permits commercial and multi-family uses.
Lot Frontage: 275
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,662 65,536 192,135
Median Age: 56.25 51.48 48.3
Households: 4,576 30,588 86,769


Photograph of Listing Agent

Annette Barbaccia

Miloff Aubuchon Realty Group Inc
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