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Marlin Center 3100 Del Prado Blvd S 11,692 SF 100% Leased Office Building Cape Coral, FL 33904 $2,550,000 ($218.10/SF) 7.92% Cap Rate
Investment Highlights
- Strong ~$202K in-place NOI providing immediate, consistent cash flow at a $2.55M basis, offering an attractive entry point for investors seeking yield
- Long-term lease in place with Moretti Cucina Italiana extending through 2031, providing additional durability to the income stream
- Attractive yield relative to today’s market, with a 7.92% cap driven by in-place income and management upside
- Anchored by the State of Florida (DJJ), delivering secure, credit-backed income with long-term stability through 2029
- Diversified tenant mix consisting of government, restaurant, and local tenancy, reducing reliance on a single income source
- Value-add opportunity to restructure leases toward a more NNN format, allowing for potential reduction in landlord expense exposure over time
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
11,692 SF
Building Class
B
Year Built/Renovated
2003/2024
Price
$2,550,000
Price Per SF
$218.10
Cap Rate
7.92%
NOI
$201,960
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,984 SF
Building FAR
0.43
Lot Size
0.62 AC
Zoning
C1-D - Neighborhood Commercial, allowing small, local businesses (shops, services) for adjacent homes, usually near collector streets.
Parking
54 Spaces (5.41 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Reception
- Storage Space
- Natural Light
- Air Conditioning
- Smoke Detector
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 31-44-24-C3-00551.0440 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $678,316 |
Property Taxes
Parcel Number
31-44-24-C3-00551.0440
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$678,316
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Marlin Center | 3100 Del Prado Blvd S
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