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Cape & Coast Premier Properties 235 W Gulf Beach Dr 5,160 SF Office Building Saint George Island, FL 32328 $1,650,166 ($319.80/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple (NNN) Lease
- Strong Corporate Growth
- Corporate Guarantee from StayTerra Vacations, LLC
- Significant AUM
Executive Summary
Surmount is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 235 W Gulf Beach Dr, George Island, FL 32328. The site consists of roughly 5,160 rentable square feet of building space on an estimated 0.23-acre parcel of land. This Cape & Coast Premier Properties is subject to a 20-year Triple Net (NNN) lease, which commenced 8/20/2025. The current annual rent is $119,637 and has scheduled increases of 3.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
5,160 SF
Building Class
C
Year Built/Renovated
2003/2021
Price
$1,650,166
Price Per SF
$319.80
Cap Rate
7.25%
NOI
$119,637
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,160 SF
Building FAR
0.99
Lot Size
0.12 AC
1 1
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 29-09S-06W-7310-004E-0070 | Improvements Assessment | $240,832 |
| Land Assessment | $172,500 | Total Assessment | $413,332 |
Property Taxes
Parcel Number
29-09S-06W-7310-004E-0070
Land Assessment
$172,500
Improvements Assessment
$240,832
Total Assessment
$413,332
Contacts
-
Francis Purritano -
Alexandre Marietto -
Glen Kunofsky -
Gordon Pollock -
Christopher Marks -
Surmount
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Cape & Coast Premier Properties | 235 W Gulf Beach Dr
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