2770 Davis Blvd
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2770 Davis Blvd
10,125 SF 100% Leased Office Building Naples, FL 34104 £3,081,039 (£304/SF) 5.15% Net Initial Yield
Investment Highlights
- Become the Largest Owner in the Davis Village Condo Association in the Heart of Downtown Naples, Area has EXTREMELY High Foot and Vehicle Traffic.
- 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 Tenants (Marble Retailer, Dog Adoption, Grooming, and a High End Addiction Treatment Facility).
- Condo Association Takes Care of All Repairs and Maintenance, Leaving Little to No Landlord Responsibilities.
Executive Summary
2% commission offered to buyer's agent. Incredible investment opportunity with 10,080 sqft of Retail Condos in Downtown Naples on the bustling Davis Boulevard 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.
This plaza offers a premiere shopping experience for customers with high end retailers and a large parking lot with plenty of spaces. Nearby National retailers include Walmart, Home Depot, Starbucks, Verizon, Walgreens, Porsche, Wendy’s, IHOP, and many many more.
A perfect addition to your investment portfolio, with fully leased Commercial Condos and a Condo Association taking care of the property, providing bare minimum landlord responsibilities and EXTREMELY low maintenance costs, start cash flowing from day one!
This plaza offers a premiere shopping experience for customers with high end retailers and a large parking lot with plenty of spaces. Nearby National retailers include Walmart, Home Depot, Starbucks, Verizon, Walgreens, Porsche, Wendy’s, IHOP, and many many more.
A perfect addition to your investment portfolio, with fully leased Commercial Condos and a Condo Association taking care of the property, providing bare minimum landlord responsibilities and EXTREMELY low maintenance costs, start cash flowing from day one!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,125 SF
Building Class
B
Year Built
2007
Price
£3,081,039
Price Per SF
£304
Net Initial Yield
5.15%
NOI
£158,674
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,125 SF
Building FAR
0.30
Land Acres
0.77 AC
Zoning
C-4 - Commercial
Parking
160 Spaces (10 Spaces per 1,000 SF Leased)
1 of 1
Bike Score ®
Very Bikeable (75)
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Ari Bigi -
Zachary Pranger -
Group Realty LLC
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2770 Davis Blvd
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