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Sandhill Crossings 24420 Sandhill Blvd 6,148 SF 100% Leased Retail Building Punta Gorda, FL 33983 $5,550,000 ($902.73/SF) 6.50% Cap Rate



Investment Highlights
- ?All 18 units are currently leased, providing immediate rental income.
- ?The property has benefited from continuous improvements and ongoing maintenance over the years, enhancing its overall appeal and long-term value.
- ?Prime location just off Kings Highway and less than one mile from I-75, offering exceptional regional access.
Executive Summary
Investment opportunity to acquire Sandhill Commons, a well-maintained multi-tenant commercial center featuring 18 fully leased units across three buildings.? Offered at a 6.5% CAP rate, this 100% occupied property provides immediate, stable cash flow with significant upside potential as below-market leases mature and renew.? Recent capital improvements include roof replacements, updated HVAC systems, parking lot resurfacing, and other property enhancements, minimizing near-term capital expenditures.? Ideally located on Sandhill Boulevard in the heart of Port Charlotte, the property offers excellent visibility, strong tenant occupancy, and convenient access to US-41, Kings Highway, and I-75.? Whether you're completing a 1031 exchange or expanding your investment portfolio, Sandhill Commons represents a turnkey, income-producing asset with long-term appreciation potential.? All information comes from users and sources that are believed to be reliable, but should be verified for accuracy.? Subject to errors and omissions.?
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,148 SF
Building Class
B
Year Built
2005
Price
$5,550,000
Price Per SF
$902.73
Cap Rate
6.50%
NOI
$360,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
3.68 AC
Zoning
PD
Parking
30 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
59’ on Sandhill Blvd
Amenities
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 402306428003 | Improvements Assessment | $1,679,912 |
| Land Assessment | $1,487,117 | Total Assessment | $3,167,029 |
Property Taxes
Parcel Number
402306428003
Land Assessment
$1,487,117
Improvements Assessment
$1,679,912
Total Assessment
$3,167,029
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Contact the Sale Advisor
Sandhill Crossings | 24420 Sandhill Blvd
