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Cape & Coast Premier Properties 281 Commerce Blvd 5,500 SF Industrial Building Port Saint Joe, FL 32456 $1,319,172 ($239.85/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple (NNN) Lease
- Strong Corporate Growth
- 3.00% Annual Rental Increases Starting Year 7
- Significant AUM
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 281 Commerce Blvd, Port St Joe, FL 32456. The site consists of roughly 5,500 rentable square feet of building space on an estimated 2.02-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 annual rent is $95,640 and has scheduled increases of 3.00% annually starting in year 7.
Property Facts
| Price | $1,319,172 | Lot Size | 2.03 AC |
| Price Per SF | $239.85 | Rentable Building Area | 5,500 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built | 2004 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $1,319,172 |
| Price Per SF | $239.85 |
| Sale Type | Investment NNN |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.03 AC |
| Rentable Building Area | 5,500 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
Amenities
- Signage
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 04583-160R | Improvements Assessment | $287,241 |
| Land Assessment | $101,000 | Total Assessment | $388,241 |
Property Taxes
Parcel Number
04583-160R
Land Assessment
$101,000
Improvements Assessment
$287,241
Total Assessment
$388,241
Contacts
-
Francis Purritano -
Alexandre Marietto -
Gordon Pollock -
Glen Kunofsky -
Christopher Marks -
Surmount
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Cape & Coast Premier Properties | 281 Commerce Blvd
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