Investment Income

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30708377
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 5,621 SF
Gross Land Area: 18,000 SF
Sale Price: $750,000
Unit Price: $133.43 PSF
Property Use Type: Investment
Usable Size (USF): 5,621 SF
Sale Terms: Cash to Seller
Cap Rate: 7.87%
Average Occupancy Rate: 100
Last Updated: 4/21/2021

Overview / Comments

Opportunity to purchase a newly renovated investment property in a growing area of Cape Coral. This property has two tenants with new leases and is located near the Pine Island Road and Del Prado Blvd intersection. This area is one of the fastest growing in the State and commercial space is in high demand. This is a two tenant building. One is fully finished and is leased to a martial arts dojo. The other consists more of warehouse space and is leased to a company doing light manufacturing.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 054424C2035460350
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Stucco
Parking Type: Surface
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,641 55,843 136,156
Median Age: 32.74 43.78 44.35
Households: 1,313 23,078 56,499


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