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Cape & Coast Premier Properties 980 Cape San Blas Rd 2,216 SF 100% Leased Office Building Port Saint Joe, FL 32456 $959,393 ($432.94/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 980 Cape San Blas Road, Port St Joe, FL 32456. The site consists of roughly 2,166 rentable square feet of building space on an estimated 0.47-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 $69,556 and has scheduled increases of 3.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
2,216 SF
Building Class
C
Year Built
1997
Price
$959,393
Price Per SF
$432.94
Cap Rate
7.25%
NOI
$69,556
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,216 SF
Building FAR
0.11
Lot Size
0.47 AC
1 1
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06288-111R | Improvements Assessment | $350,959 |
| Land Assessment | $100,000 | Total Assessment | $450,959 |
Property Taxes
Parcel Number
06288-111R
Land Assessment
$100,000
Improvements Assessment
$350,959
Total Assessment
$450,959
Contacts
-
Francis Purritano -
Alexandre Marietto -
Gordon Pollock -
Glen Kunofsky -
Christopher Marks -
Surmount
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Cape & Coast Premier Properties | 980 Cape San Blas Rd
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