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2671 Airport Rd S - Court Plaza III - 14 Units For Sale
12,500 SF Office Unit Offered at £2,804,535 in Naples, FL 34112
Investment Highlights
- ? Become the Largest Owner in the Court Plaza Condo Association Located in Naples, Area has EXTREMELY High Foot and Vehicle Traffic.
- ? Some Tenants Pay HOA fees and Common Area Charges. All Tenants Willing to Renew.
- ? Huge Value Add Opportunity with Converting all Leases to Fair Market and Maximizing Building Layout for Lease.
- ? Fully Leased to a Wide Variety of Professional and Government Office Tenants (Counseling, Lawyers, Mortgages, Department of Justice).
- ? Condo Association Takes Care of All Repairs and Maintenance, Leaving Little to No Landlord Responsibilities.
Property Facts
| Price | £2,804,535 | Building Class | A |
| Unit Size | 12,500 SF | Number of Floors | 3 |
| No. Units | 1 | Typical Floor Size | 8,903 SF |
| Total Building Size | 26,709 SF | Year Built | 1993 |
| Property Type | Office (Unit) | Lot Size | 1.16 AC |
| Property Subtype | Medical | Parking Ratio | 2.85/1,000 SF |
| Sale Type | Investment |
| Price | £2,804,535 |
| Unit Size | 12,500 SF |
| No. Units | 1 |
| Total Building Size | 26,709 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | A |
| Number of Floors | 3 |
| Typical Floor Size | 8,903 SF |
| Year Built | 1993 |
| Lot Size | 1.16 AC |
| Parking Ratio | 2.85/1,000 SF |
1 Unit Available
Unit 101-305
| Unit Size | 12,500 SF | Unit Use | Office |
| Price | £2,804,535 | Sale Type | Investment |
| Price Per SF | £224.36 | No. Parking Spaces | 61 |
| Unit Size | 12,500 SF |
| Price | £2,804,535 |
| Price Per SF | £224.36 |
| Unit Use | Office |
| Sale Type | Investment |
| No. Parking Spaces | 61 |
Description
The Offering: Multi-Tenant Professional Office Building
Property Address: 2671 Airport Rd S Naples, FL 34112
Year Built / Renovated: 1993 / 2021
Units: 14 (Currently split between 6 tenants)
Income: (Annual)
Rent Income: $262,664.40
Sales Tax Revenue: $16,646.64
CAM Revenue: $14,781.24
Gross Income: $294,092.28
Expenses (Annual)
Condo Fees: $52,890
Property Tax: $20,534.31
Insurance: Included in HOA
Management: $5,000
Professional Fees, Maintenance, Misc.:
$1,800
Expenses Total: $80,224.31
Net Operating Income: $213,867.97
Pro-Forma Net Operating Income:
$422,020.69
Sale Notes
Incredible investment opportunity with nearly 12,281 sqft of Professional Office Condos in Downtown Naples on the bustling Airport Road with an extremely high vehicle and foot traffic count. Naples is the wealthiest city in Florida, known for its white sand beaches, expansive golf courses, and luxurious homes. The thriving economy commands high rents and low vacancy rates. Court plaza offers a Class A office working experience right in Naples, directly next to the Collier County Government Center and the Collier County Courthouse. This portfolio of condos houses a variety of tenants including the Departments of Health and Juvenile Justice, various Law Practices, and Mortgage Lenders. Nearby National retailers include Walmart, Publix, Starbucks, Dunkin, and many many more.
A perfect addition to your investment portfolio, with a full renovation completed in 2021, fully leased Commercial Condos and a Condo Association taking care of the property, providing bare minimum landlord responsibilities, start cash flowing from day one.
Amenities
- Fully Carpeted
- Suspended Ceilings
- Air Conditioning
zoning
| Zoning Code | B (Professional) |
| B (Professional) |
-
Zachary Pranger -
Ari Bigi -
Group Realty LLC
Presented by
2671 Airport Rd S - Court Plaza III - 14 Units For Sale
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