Santa Barbara Plaza

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30188312
Property Subtypes: Community Center
Status: Pending/Contingent
Building Size (RSF): 11,667 SF
Gross Building Area: 12,798 SF
Gross Land Area: 60,000 SF
Sale Price: $1,225,000
Unit Price: $105 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 11,667 SF
Sale Terms: Cash to Seller
Cap Rate: 6.85%
Average Occupancy Rate: 100
Last Updated: 10/15/2020

Overview / Comments

Great Investment Opportunity on this Property! This Offering located at 2110-2120 Santa Barbara Blvd. Consists of three retail buildings which include a Two Story Restaurant building of 5,004 SF and Two Buildings on each side which are 3,331 SF each. This property has a good tenant mix of eight tenants some of which are long term with solid leases in place. Included in the sale is a 25,000 SF parcel directly behind the shopping center, part of which is paved for additional parking, parcel #26-44-23-C3-03047.0170. New roofs recently and parking lot re-sealed and restriped in July 2019.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 26-44-23-C3-03047.0380, 26-44-23-C3-03047.0170
Zoning: C-1
Retail Clientele: General
Property Located Between: On Santa Barbara Blvd between SW 21st St and SW 22nd Ter.
Property Visibility: Good
Largest Nearby Street: Santa Barbara Blvd
Feet of Frontage: 281
Traffic/Vehicle Count: 23,215
Highway Access: Santa Barbara to Veterans
Airports: RSW and Page Field
Site Description: Rectangular
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 2003
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite
Zoning Description: C-1
Lot Frontage: 281
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: Cape Coral Unit 62 BLK 3047 PB 21 PG 28 Lots 37 thru 43, and Lots 17 thru 21

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,273 78,817 156,808
Median Age: 40.79 44.15 45
Households: 4,684 31,720 64,722


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