10% CAP rate investment in Naples FL

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30584238
Property Subtypes: Executive Suites, Medical
Condo? Yes
Building Size (RSF): 1,830 SF
Gross Building Area: See Agent
Sale Price: $440,000
Property Use Type: Investment
Building Name: Moorings Professional Building
Usable Size (USF): 1,830 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 90
Last Updated: 5/31/2020

Overview / Comments

Fully leased with 1-3 year leases in place with executive suites tenants and one single tenant in 600 SF space.
Corner Unit #210 and 1/2 next door unit #209 located in a five-story building with a prestigious Naples address. Minutes from NCH, and downtown Naples with US 41 (Tamiami Trail) exposure.
Easy ingress and egress from US 41.
Major retail, restaurants in the immediate area.
Generous parking and reserved covered parking. Just north
of Golden Gate Parkway.
Medical fees paid and medical business approved for the building site.

Additional Details

Nearest MSA: Naples-Immokalee-Marco Island
County: Collier
Tax ID/APN: 13180280009
Is Condo?: Yes
Zoning: HC - HIGHWAY COMMERCIAL (COLLIER COUNTY)
Property Located Between: On US41 just N of Golden Gate Pkwy
Property Visibility: Excellent
Highway Access: 4.5 miles from I-75 Exit 105
Airports: RSW
Site Description: Minutes from NCH, and downtown Naples with US 41 (Tamiami Trail) exposure. Easy ingress and egress from US 41. Major retail, restaurants in the immediate area.
Total Number of Buildings: 1
Number of Stories: 5
Typical SF / Floor: 1,220 SF
Year Built: 1984
Year Renovated: 2018
Construction/Siding: Block
Parking Type: Surface
Parking Description: For each 1,220 SF of space, one reserved parking space and plenty of unassigned parking spaces free of charge.
Passenger Elevators: 2
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Zoning Description: HC - Highway Commercial (Collier County)
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,776 37,539 101,991
Median Age: 64.2 54.41 54.51
Households: 5,227 18,551 49,274

Contact

Photograph of Listing Agent

Vedran Vicevic

RE/MAX Realty Group
SWFLCA Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Southwest Florida Commercial Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.