Building G | 9115 Galleria Ct
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Building G 9115 Galleria Ct
9,000 SF 100% Leased Office Building Naples, FL 34109 £2,847,986 (£316/SF)
Investment Highlights
- • Owner/User Can Lower Basis from Current Cash Flow Until They Can Occupy at Lease Expiration
- • Irreplaceable Location
- • Ideal Fit for Family Office, Wealth Management Office or Any User Needing Showroom Space & Offices
- • Class A Finishes
- • Acquisition Price Less Than Half of Replacement Cost
Executive Summary
***Owner/User Opportunity***
Marcus & Millichap is pleased to present the exclusive listing for 9115 Galleria Ct (the "Property"), an elite, upscale, two-story, single tenant office building in Naples, Florida. The Property is across the street from two Ritz Carlton properties and a regional retail center (the Shoppes @ Vanderbilt). It is prominently positioned as the centerpiece property in the Plaza at the Galleria condominium office park. The Property is currently leased to an interior design group that occupies the entire building. The Lease expires in March 2025.
The Property represents a rare opportunity to acquire an exceptional asset at an acquisition price less than half of replacement cost based on current construction and capital costs. By acquiring now, an Owner-User could secure a one-of-a-kind asset, mitigate buyer competition (when the lease is closer to expiring), and lower their acquisition cost basis from current cash flow. The Property would be an ideal fit for a family office or wealth management firm needing client amenity space or any business needing a showroom with sales and administrative offices.
The Naples Office market has a mere 5.6 percent vacancy rate with only 120,000 square feet of new product under construction, all of which is slated for medical use with 40 percent already pre-leased. The in-place rental rate on the existing lease at the Property is $19.07 NNN in a market where comparable properties are leasing between $30 per square foot (NNN) to $40 per square foot (NNN). Given the current impediments to market entry for new supply, the Naples office market, for comparable areas, is well positioned for continued rent growth and low vacancy.
* 24-Hour notice required to view space
Marcus & Millichap is pleased to present the exclusive listing for 9115 Galleria Ct (the "Property"), an elite, upscale, two-story, single tenant office building in Naples, Florida. The Property is across the street from two Ritz Carlton properties and a regional retail center (the Shoppes @ Vanderbilt). It is prominently positioned as the centerpiece property in the Plaza at the Galleria condominium office park. The Property is currently leased to an interior design group that occupies the entire building. The Lease expires in March 2025.
The Property represents a rare opportunity to acquire an exceptional asset at an acquisition price less than half of replacement cost based on current construction and capital costs. By acquiring now, an Owner-User could secure a one-of-a-kind asset, mitigate buyer competition (when the lease is closer to expiring), and lower their acquisition cost basis from current cash flow. The Property would be an ideal fit for a family office or wealth management firm needing client amenity space or any business needing a showroom with sales and administrative offices.
The Naples Office market has a mere 5.6 percent vacancy rate with only 120,000 square feet of new product under construction, all of which is slated for medical use with 40 percent already pre-leased. The in-place rental rate on the existing lease at the Property is $19.07 NNN in a market where comparable properties are leasing between $30 per square foot (NNN) to $40 per square foot (NNN). Given the current impediments to market entry for new supply, the Naples office market, for comparable areas, is well positioned for continued rent growth and low vacancy.
* 24-Hour notice required to view space
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,000 SF
Building Class
B
Year Built
2000
Price
£2,847,986
Price Per SF
£316
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,000 SF
Slab to Slab
12 ft
Zoning
PUD - Planned Unit Development
Parking
18 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
9115 Galleria Ct.? is a one-of-a-kind space, offering: - 5,000 SF of showroom space, and - 4,000 of office space complete with 2 terraces.?
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 4,000-9,000 SF | Office/Retail | Full Build-Out | Apr 2025 |
1st Floor
| Size |
| 4,000-9,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Apr 2025 |
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1st Floor
| Size | 4,000-9,000 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Apr 2025 |
9115 Galleria Ct.? is a one-of-a-kind space, offering: - 5,000 SF of showroom space, and - 4,000 of office space complete with 2 terraces.?
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Power Broker P.J. Hill -
The Shoppes at Vanderbilt LLC
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STREET
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Building G | 9115 Galleria Ct
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