Four Condos in Village Falls of Naples

Office for Sale
Catylist Listing ID: 30200130
Property Subtypes: Business Park, Mixed Use
Condo? Yes
Building Size (RSF): 3,334 SF
Gross Building Area: See Agent
Sale Price: $499,000
Property Use Type: Investment
Building Name: Village Falls of Naples
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.4%
Last Updated: 7/12/2018

Overview / Comments

Village Falls of Naples' prime location on US 41 and across the street to The Isles, a new community coming up, makes this a perfect opportunity purchase these units. Four units are available with tenants in place for all of them. Two of the units are located on the ground floor while the other two units are on the second floor. The Med-Life Institute occupies three of the four units and has a lease in place until 2019, while a CPA occupies the final space on a month-to-month lease. The CPA has been there for a number of years

Unit Breakdown:
4991 - 902 SF with two separate entrances, one main area, and a restroom. Currently leased by Med-Life Institute.
4993 - 765 SF. Currently leased by a CPA.
4995 - 902 SF with two separate entraces, four offices, and a restroom.
4997 - 765 SF loft-style office.loft type office.

The Village Falls professional center has beautiful courtyard area to find your inner zen, featuring Koi ponds and lush vegetation Zoned C4, suitable for retail or any other professional services business, with plenty of parking space, conveniently located within in minutes to Naples Downtown and beaches .

Located on U.S 41 East (Tamiami Trail E) just east of Rattlesnake Hammock Road.

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $3,247 (Annual)
Gross Operating Income $51,600 (Annual)
Net Operating Income $36,937 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Naples-Immokalee-Marco Island
County: Collier
Is Condo?: Yes
Zoning: C4
Property Visibility: Excellent
Area Description: Village Falls of Naples is located directly on US HWY 41 with a traffic count of over 42,000 cars. The condos are located 4 miles from Naples Municipal Airport and 8 miles from I-75. A new master-planned community boasting 1,600 unique coastal themed new construction residences for sale, with stunning water and nature views, including Single-Family and Coach Homes, The Isles, is located across US 41. Perched on the Gulf of Mexico in southwest Florida, Naples is well known for its high-end shopping, world-class culture and sophisticated dining. But Naples is also an affordable family destination that appeals to nature lovers and beach aficionados. Fifth Avenue South and Third Street South are the focal points for Naples shopping in the historic downtown area, with numerous art galleries, chic clothing boutiques and home decor shops. When it comes time for lunch or drinks and dinner, enjoy your meal with a water view, whether you choose a swank Naples beachfront resort or a funky bayside bar.
Total Number of Buildings: 15
Number of Stories: 2
Year Built: 1986
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,770 56,120 94,468
Median Age: 51.64 49.46 48.61
Households: 4,956 24,529 41,111

Contact

Photograph of Listing Agent

Brett Kaplan

OPTIMUS CREIA MFCRE Member
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