2534 SE Santa Barbara Pl
$2,350,000
2534 Southeast Santa Barbara Place, Cape Coral, FL 33904
For Sale
Office
Active
Last Updated: 02/07/2025
5.23
Cap Rate
122,943.37
NOI
Details:
Cap Rate: 5.23%
NOI: $122,943.37
Building Size: 8,909 sqft
Occupancy: 100%
Class: B
Lease Type: Modified Gross
Price Per Sqft: $263.78
Tenancy: Multiple
Floors: 2
Gross Leaseable Area: 8,909
Investment Strategy: Value Add
Highlights:
- Excellent visibility directly on Veterans: benefits from high traffic exposure
- Recent capital improvements: New roof and parking lot reseal and re-stripe
- Value add opportunity: Potential upside in revenue by adjusting leases as they renew
- Opportunity for value add by charging for full property square feet
- Great tenant mix: Professional and medical office users
Description:
Well maintained two story professional office building located in Cape Coral. The property is fully leased by multiple tenants, offering a table income investment opportunity. The property is 100% leased and has many value-add opportunities.
Documents:
| Title | ||
|---|---|---|
| 2534_Santa_Barbara_PL_OM.pdf |
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Location
Gallery
