Available - Tiffany Square

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30394381
Property Subtypes: Strip Center
Status: Pending/Contingent
Building Size (RSF): 12,000 SF
Gross Building Area: 13,000 SF
Gross Land Area: 43,200 SF
Sale Price: $1,399,000
Unit Price: $116.58 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Tiffany Square
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.29%
Average Occupancy Rate: 100
Last Updated: 6/3/2020

Overview / Comments

With 12,000 SF of rentable space split among 11 units and six tenants, Tiffany Square is 100% leased and a Great Investment! Some of the tenants are long term
and have recently expanded their busineses. Good leases in place and room for improvement on some that will be up for renewal. This center has great visibility and exposure with 321 running feet along Del Prado Blvd.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 17-44-24-C1-01322.0120
Zoning: C1-D
Retail Clientele: General
Property Located Between: Viscaya Pkwy and Hancock Bridge Pkwy on east side of Del Prado.
Property Visibility: Excellent
Largest Nearby Street: Del Prado Blvd
Feet of Frontage: 321
Airports: RSW & Page Field
Site Description: Rectangular with depth of 135 feet.
Area Description: Commercial retail/office along Del Prado with residential one block in on either side.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2004
Construction/Siding: Block
Exterior Description: Front facing Del Prado with good curb appeal and good visibility for tenants.
Parking Type: Surface
Parking Description: Open non-designated
Total Parking Spaces: 68
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Eleven units, each with it's own AC system and bathroom.
Zoning Description: Commercial general
Lot Frontage: 321
Lot Depth: 135
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Ingress/egress is shared with the property directly to the north.
Land Ownership: fee simple
Legal Description: Cape Coral Unit 18 BLK 1322 PB 13 PG 115 Lots 12 thru 19 + vac alley OR 3475/3266

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,562 68,495 164,153
Median Age: 43.66 42.34 43.12
Households: 4,660 26,947 67,449


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