Naples Investment | Stabilized Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30135856
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 39,924 SF
Gross Building Area: See Agent
Gross Land Area: 2.50 Acres
Sale Price: $7,875,000
Unit Price: $197.25 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: 7.99%
Average Occupancy Rate: 100
Last Updated: 1/25/2019

Overview / Comments

-28,953± SF of new leases
-11 new tenants
-Mixed-use asset (Medical, Professional Office, Retail)
-42,000 AADT traffic counts
-100% Occupancy
-Main retail corridor
-Over $600k in improvements
-Professional property management

Attachments & Media

Additional Details

Nearest MSA: Naples-Immokalee-Marco Island
County: Collier
Tax ID/APN: 61947520006
Zoning: C4 - COMMERCIAL (COLLIER COUNTY)
Largest Nearby Street: Tamiami Trail N
Area Description: Centered on the main north/south retail corridor, between 5th Avenue S and Pine Ridge Road
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Excellent
Total Parking Spaces: 94
Parking Description: 94 Spaces, includes 8 covered spaces

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,168 43,278 103,934
Median Age: 63.48 52.68 54.68
Households: 4,393 20,919 50,375

Contact

Photograph of Listing Agent

Dave Wallace, CCIM, SIOR

CRE Consultants SWFLCA Member
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