Courtney Plaza Commercial Ctr @ 9+ CAP Rate
Retail-Commercial
for Sale
| Catylist Listing ID: |
29818886 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
7,327 SF
|
| Gross Building Area: |
8,189 SF |
| Gross Land Area: |
23,223 SF
|
| Sale Price: |
$1,125,000 |
| Unit Price: |
$153.54 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Courtney Plaza |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.58% |
| Last Updated: |
5/29/2019 |
Overview / Comments
|
Property is directly across from EDISON MALL and on same signalized intersection as entrance to Mall. This location has great visibility which creates more tenant interest. Excellent pylon and marquee signage. FULLY LEASED on longer term NNN leases. Cleveland Ave. (aka U. S. 41) is the main north/south business artery. Edison Mall ( www.simon.com/mall/?ID=129 )is a Mega mall with 137 stores and eateries in an indoor setting. New lease for unit A (Bridal Shoppe) five years beginning at $22.00 p.s.f. NNN.
|
Additional Details
| Nearest MSA: |
Cape Coral-Fort Myers |
| County: |
Lee |
| Taxing Authority: |
Fort Myers |
| Tax ID/APN: |
35-44-24-P3-00068.0090 |
| Zoning: |
C-I (COMMERCIAL INTENSIVE) |
| Market Type: |
Medium |
| Retail Clientele: |
Business |
| Property Located Between: |
Colonial and Winkler |
| Side of Street: |
West |
| Road Type: |
Paved, Highway |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Cleveland Ave |
| Feet of Frontage: |
113 |
| Traffic/Vehicle Count: |
55,842 |
| Transportation: |
Bus, Highway, Airport, Taxi |
| Highway Access: |
U.S. 41 frontage / 5 miles to I-75 exit 136, 20 min. to RSW International |
| Airports: |
Regional Southwest (RSW) |
| Site Description: |
Level site with in/out on Cleveland and in/out on Courtney Dr. |
| Area Description: |
Major commercial / retail district |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Fair |
| Year Built: |
1970 |
| Year Renovated: |
2017 |
| Roof Type: |
Flat |
| Construction/Siding: |
Concrete |
| Exterior Description: |
CBS |
| Total Parking Spaces: |
22 |
| Parking Ratio: |
3 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Common |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL, Satellite, T1/T3 |
| Zoning Description: |
Commercial Intensive (CI), City of Fort Myers |
| Lot Frontage: |
113 |
| Lot Depth: |
203 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
fee simple |
| Legal Description: |
PARL IN NE 1/4 OF SE 1/4
DESC IN OR 997 PG 788 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,650 |
71,867 |
164,752 |
| Median Age: |
36.49 |
40.03 |
43.62 |
| Households: |
4,408 |
30,652 |
70,846 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Southwest Florida Commercial Alliance nor
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