Cape Coral - Del Prado Investment Property

Office for Sale
Catylist Listing ID: 30742826
Property Subtypes: Executive Suites, Medical, Office Building, Other
Building Size (RSF): 10,915 SF
Gross Building Area: See Agent
Gross Land Area: 35,000 SF
Sale Price: $2,195,000
Unit Price: $201.10 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Last Updated: 7/8/2021

Overview / Comments

Well maintained 2 building fully leased office/retail property on busy section of Del Prado Boulevard with excellent visibility and easy access. This property is an excellent opportunity for an investor or 1031 exchange buyer to purchase a strong investment in one of Southwest Florida's fastest growing cities. Building 2 has 3 long term tenants that have all recently extended their leases with escalations and they will start paying CAM. Building 1 is operated by one lessee under a master lease. The building is operating as executive office suites and is fully leased.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 314424C3005510680
Property Located Between: On west side of Del Prado Boulevard just south of Cornwallis Parkway signal.
Property Visibility: Excellent
Highway Access: Driveway cut off of Del Prado Blvd. S.
Site Description: 280' of frontage on Del Prado Boulevard. Property also has full alley access.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2005
Construction/Siding: Block
Exterior Description: Well maintained buildings with excellent parking.
Parking Type: Surface
Lot Frontage: 280
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,031 69,674 191,885
Median Age: 52.54 47.61 46.43
Households: 4,399 30,301 84,122


Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
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