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326 NE 3rd Ave 4,000 SF 100% Leased Industrial Building Cape Coral, FL 33909 $1,050,000 ($262.50/SF) 6.14% Cap Rate
Investment Highlights
- Great income producer.
- Well maintained.
- Centrally located just off of Pine Island Road.
Executive Summary
Great income producing four-unit flex office warehouse building centrally located in Cape Coral. Each unit is 1,000 sf. with small office and bathroom. Well maintained, new roof, new toilets. One AC recently replaced. Property consistently achieved over 6% CAP triple net over the past eight years. One great tenant in place. Long term tenant vacating two of the units. Have a number of interested prospective tenants looking to occupy available space. If interested buyer wants to occupy a portion of the building, that is possible as part of this purchase. Call for financials.
Property Facts Under Contract
| Price | $1,050,000 | Rentable Building Area | 4,000 SF |
| Price Per SF | $262.50 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2006 |
| Cap Rate | 6.14% | Parking Ratio | 2.5/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.31 AC | ||
| Zoning | CORR - Pine Island Road Corridor district. | ||
| Price | $1,050,000 |
| Price Per SF | $262.50 |
| Sale Type | Investment NNN |
| Cap Rate | 6.14% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.31 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 2.5/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | CORR - Pine Island Road Corridor district. |
Amenities
- Air Conditioning
Utilities
- Lighting
- Heating
1 1
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-44-23-C3-00600.0180 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $501,289 |
Property Taxes
Parcel Number
12-44-23-C3-00600.0180
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$501,289
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326 NE 3rd Ave
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