1036 NE Pine Island Rd - Warehouse FOR SALE


Cape Coral, FL 33909- Hancock
$4,250,000 USD
239-945-4545
1036 NE Pine Island Rd, Cape Coral, FL for Sale
$4,250,000 USD
Warehouse - FOR SALE
1/12
null | 3.6% Cap Rate

1036 NE Pine Island Rd
Cape Coral, FL 33909
Hancock


HIGHLIGHTS

  • LISTED FOR THE APPRAISED VALUE OF $4,250,000, $177.00 PER SQ. FT.
  • FULLY RENTED WITH TENANTS MONTH-TO-MONTH
  • AN OUT PARCEL OF 50,000 SQ. FT. THAT COULD BE SOLD OR LEASED. 340 FRONTAGE ON PINE ISLAND ROAD WITH 378 DEPTH. WITH DRIVE WAY ENTRANCE
  • LED MONUMENT SIGNAGE FOR ALL TENANTS TO BE LISTED
  • PRIME PROPERTY IN THE HUB OF COMMERCIAL ACTIVITY.
  • AMPLE PARKING FOR CUSTOMERS AND TENANTS, FRONT AND BACK OF THE BUILDING.

OVERVIEW

LISTED FOR THE RECENT APPRAISED VALUE OF $4,250,000. OR $177.00 PER SQ. FT. SITUATED IN THE HUB OF COMMERCIAL ACTIVITY..... A PRIME INVESTMENT PROPERTY WITH A BUILDING OF 24,000 SQ.F T, FULLY LEASED WITH THE ALL TENANTS BEING IN BUSINESS 4 YEARS OR LONGER, SITUATED ON ABOUT 3 ACRES OF LAND.....THE UP-SIDE FOR AN INVESTOR/USER IS THAT THE CURRENT RENTS ARE AT $10.00 PER SQ. FT. GROSS AND TENANTS ARE MONTH-TO-MONTH...... A REQUIREMENT OF A BUYER IS THAT THE CURRENT OWNER, FIRST CLASS AIR CONDITIONING OCCUPYING 4,000 SQ.FT. REMAINS AND A LEASE, RENTAL RATES AND TERMS ARE NEGOTIATED PRIOR TO CLOSING. A BIG PLUS IS THAT THERE IS AN OUT PARCEL OF 50,000 SQ. FT., WITH 340 FEET FRONTING ON PINE ISLAND ROAD, (378 DEEP) CONSERVITAVELY VALUED AT $20.00 PER SQ.FT. THAT ALSO HAS A DRIVE WAY ENTRANCE FROM PINE ISLAND ROAD, A RIGHT IN AND A RIGHT OUT. THE SELLERS OWN THE PROPERTY FREE AND CLEAR AND WOULD LIKE TO SELL, BUT DO NOT HAVE TO SELL. NOT DISTRESSED IN ANY WAY. THE SALE IS CASH AT CLOSING ONLY.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

3.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FULLY RENTED INCOME PROPERTY FOR SALE

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

15

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.94

LAND SF

128,232

ZONING

C3-D

APN/PARCEL ID

07-44-24-C1-007Q0.0000

ASK ABOUT THIS PROPERTY

Phil DeemsPhil Deems Real EstateMore Info
239-945-4545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Phil DeemsPhil Deems Real EstateMore Info
239-945-4545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.