Industrial Investment with Ideal Spaces

932 NE 24th Lane ,
Cape Coral, FL 33909

 

$1,350,000
Offering Price
$102,321
NOI
7.58%
Cap Rate
$96
Price Per SF
14,000
Building SF
38,681
Land SF
$1,350,000
Offering Price
$102,321
NOI
7.58%
Cap Rate
$96
Price Per SF
14,000
Building SF
38,681
Land SF

Investment Summary

  • A great investment opportunity is awaiting an investor searching for an industrial warehouse facility with a rewarding return. This 14-unit structure operates with little to no deferred maintenance and is occupied by vetted tenants. Plus, it is in a great location and runs on triple net leases, which is a win-win for all involved. The impressive building has low vacancy rates and tenants that range from a cabinetry corporation to a home service business. Let's take a deeper look! The industrial building located at 932 NE 24th Lane in Cape Coral, Florida is in great condition! It has a new roof, new gutters, new paint, and the parking lot was recently sealed and striped. Built in 2007 and renovated in 2019, this investment is turn-key ready for the investor wanting minimal upkeep expenses and investment allocated to the infrastructure of the property. The facility is currently managed by the highly-experienced property managers at Sunizo Superior Realty Management who have developed a professional relationship with the tenants. All tenants acquired under Sunizo's management have been vetted with criminal, credit, and background checks. Their income has also been verified. Sunizo's team has an intimate working knowledge of this property and works with outstanding vendors who have an efficient, effective, methodical strategy for each space upon move out. They diligently and promptly prepare the spaces for the next lease. This property has been guided by high expectations whose standards have been exceeded which is a testament to its evident and exceptional condition. Sunizo also currently collects rental payments and takes care of the capital improvements, ensuring peace of mind for the owner. This incredible investment opportunity is located in the North Cape Industrial Park which is within miles of major roads in Cape Coral including Pine Island Road and Del Prado Boulevard. Cape Coral is located in Lee County, a perfect option for businesses because they have access to I-75 within the county which runs from Miami all the way up to the U.S./Canada border. The county also includes US-41, a busy multi-county bustling main street. This prime property comes with in-demand spaces! Small businesses are attracted to the North Cape Industrial Park and are searching for these ideal units to house their enterprises. This warehouse facility meets the bill and goes above and beyond for prospective lessees at an affordable price for the tenants and a lucrative deal for the owner. It is a highly-sought after location with ideal 1,000-square-foot layouts equipped with office, warehouse, and bathroom space. The tenants have sought-after privacy at this location because they are located on a cul-de-sac at the southeast section of the North Cape Industrial Park. The tenants also have great proximity within the park with easy access to travel to major roads nearby. This makes it a desirable facility for tenants wanting to move to the industrial park. The North Cape Industrial Park is also an attractive location for business owners engaged in industrial activity because the infrastructure is already established within the park. This industrial park is a unique feature in Cape Coral because industrial warehouse options in the city are limited. As the tropical metropolitan continues to grow, city leaders are diligently working to bring more developers to the area to keep up with the demand. This is one of the many reasons why Cape Coral boasts low vacancy rates in its industrial warehouses. Much of the land is undeveloped with limited product in the industrial sector. This is an investment opportunity for those looking for low vacancy rates for their property portfolio. Cape Coral also has incentives for business owners that open up or relocate to the city including infrastructure grants, synthetic TIF, deferral or impact fees, and employment incentives. CoStar Market Analysts have also said that another attractive feature for business owners to come to Cape Coral is the high population growth of both residents and seasonal visitors. Investors and business owners have the benefit of minimal product competition for industrial warehouses in the city, low vacancy rates, business incentives, attractive inherent features, the existing infrastructure of the park, and location advantages. Businesses and tenants within the park have the added benefit of having similar businesses that they can develop partnerships and collaborations with in one central location, a benefit for both the tenant and property owner.

Investment Highlights

  • 95% occupied
  • NNN Leases
  • 14 units (1,000 square feet each)
  • New roof (March 2019- warranty to 2039)
  • New gutters (2019)
  • Sealed and striped parking lot (2019)
  • Building exterior painted (2020)
  • Cul-de-sac
  • Located in the northeast corridor of Cape Coral, Florida
  • Close to nearby main streets Del Prado Boulevard and Pine Island Road
  • Virtual Tour of the Property
  • https://app.immoviewer.com/portal/tour/1610374?accessKey=5d38

Location Summary

  • Cape Coral is ideally located between major cities like Miami and Tampa and is north of Naples. It is one of the ten largest cities in Florida. According to the Cape Coral Economic Development Department, the city is only approximately 50% built out with about 200,000 residents. According to the Cape Coral Chamber of Commerce, the city is celebrating 50 years after it was incorporated in 1970. City officials are working to bring even more business to the area. 
  • Cape Coral is located in beautiful Southwest Florida. The city is distinct, adorned with neighborhoods filled with canals and ideal access to the Gulf of Mexico. The Matlacha Pass Aquatic Preserve and Caloosahatchee River surround parts of the city. It is a vibrant community with a strong business work sector. Many of the businesses cater to local features of the area including marine-related industries, hospitality, tourism, and more. The region also has a robust health care system. According to the city, the median age of residents is 42 years old and officials have also noted millennials are coming to the area.
  • The residents of Cape Coral enjoy an exceptional quality of life. In the city, they have access to a plethora of activities including kayaking, swimming, and golfing. Fishing and boating are an intricate part of the lifestyle for many who call Southwest Florida home. The city is filled with parks and is surrounded by museums and theaters both in Cape Coral and throughout Southwest Florida. Tourism is also a key factor, with millions of people traveling to Florida each year. In the county, there are also two professional baseball stadiums CenturyLink Sports Complex- Hammond Stadium and Jet Blue Park where the Boston Red Sox and Minnesota Twins come for spring training. Cape Coral is also the neighboring city of Fort Myers which is home to the famous and highly-visited Edison & Ford Winter Estates.
  • The local wildlife is impressive from what lies under the sea ranging from alligators to dolphins, to what animals and birds live on land like the popular burrowing owls. Cape Coral benefits from both fresh and salt waterways. Southwest Florida has premiere beaches as well, each year visitors from all around the world come for vacations and even extended stays. The population increases substantially with seasonal residents. Plenty of vacationers have explored the area and have decided to call Cape Coral their home. Many move here to live a paradise inspired lifestyle.
  • A great investment opportunity is awaiting an investor searching for an industrial warehouse facility with a rewarding return. This 14-unit structure operates with little to no deferred maintenance and is occupied by vetted tenants. Plus, it is in a great location and runs on triple net leases, which is a win-win for all involved. The impressive building has low vacancy rates and tenants that range from a cabinetry corporation to a home service business. Let's take a deeper look! The industrial building located at 932 NE 24th Lane in Cape Coral, Florida is in great condition! It has a new roof, new gutters, new paint, and the parking lot was recently sealed and striped. Built in 2007 and renovated in 2019, this investment is turn-key ready for the investor wanting minimal upkeep expenses and investment allocated to the infrastructure of the property. The facility is currently managed by the highly-experienced property managers at Sunizo Superior Realty Management who have developed a professional relationship with the tenants. All tenants acquired under Sunizo's management have been vetted with criminal, credit, and background checks. Their income has also been verified. Sunizo's team has an intimate working knowledge of this property and works with outstanding vendors who have an efficient, effective, methodical strategy for each space upon move out. They diligently and promptly prepare the spaces for the next lease. This property has been guided by high expectations whose standards have been exceeded which is a testament to its evident and exceptional condition. Sunizo also currently collects rental payments and takes care of the capital improvements, ensuring peace of mind for the owner. This incredible investment opportunity is located in the North Cape Industrial Park which is within miles of major roads in Cape Coral including Pine Island Road and Del Prado Boulevard. Cape Coral is located in Lee County, a perfect option for businesses because they have access to I-75 within the county which runs from Miami all the way up to the U.S./Canada border. The county also includes US-41, a busy multi-county bustling main street. This prime property comes with in-demand spaces! Small businesses are attracted to the North Cape Industrial Park and are searching for these ideal units to house their enterprises. This warehouse facility meets the bill and goes above and beyond for prospective lessees at an affordable price for the tenants and a lucrative deal for the owner. It is a highly-sought after location with ideal 1,000-square-foot layouts equipped with office, warehouse, and bathroom space. The tenants have sought-after privacy at this location because they are located on a cul-de-sac at the southeast section of the North Cape Industrial Park. The tenants also have great proximity within the park with easy access to travel to major roads nearby. This makes it a desirable facility for tenants wanting to move to the industrial park. The North Cape Industrial Park is also an attractive location for business owners engaged in industrial activity because the infrastructure is already established within the park. This industrial park is a unique feature in Cape Coral because industrial warehouse options in the city are limited. As the tropical metropolitan continues to grow, city leaders are diligently working to bring more developers to the area to keep up with the demand. This is one of the many reasons why Cape Coral boasts low vacancy rates in its industrial warehouses. Much of the land is undeveloped with limited product in the industrial sector. This is an investment opportunity for those looking for low vacancy rates for their property portfolio. Cape Coral also has incentives for business owners that open up or relocate to the city including infrastructure grants, synthetic TIF, deferral or impact fees, and employment incentives. CoStar Market Analysts have also said that another attractive feature for business owners to come to Cape Coral is the high population growth of both residents and seasonal visitors. Investors and business owners have the benefit of minimal product competition for industrial warehouses in the city, low vacancy rates, business incentives, attractive inherent features, the existing infrastructure of the park, and location advantages. Businesses and tenants within the park have the added benefit of having similar businesses that they can develop partnerships and collaborations with in one central location, a benefit for both the tenant and property owner.
FOR MORE DETAILS CONTACT
Rich Hering
Vice President
(239) 310-2843
rich@sunizo.com