For Sale
$2,500,000

2534 Santa Barbara PlCape Coral, FL 33904

High-Yield Medical/Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story, 8,909 square foot Class B office building in Cape Coral, Florida, presents a compelling value-add investment opportunity. Located at 2534 SE Santa Barbara Pl, 33904, this fully leased property boasts a 100% occupancy rate with three tenants under a gross lease structure. Built in 2008, the building sits on a 0.46-acre lot and is zoned C-1, offering flexibility for future uses. The property generates a strong net operating income (NOI) of $112,657, resulting in an attractive 4.51% capitalization rate. The asking price is $2,500,000, translating to $280.62 per square foot. With its strong tenant base and significant value-add potential, this property represents a rare opportunity for investors seeking a stable, high-yielding asset in a thriving Florida market. The building features a total of 8,909 net rentable square feet spread across two stories. This well-maintained property offers a stable income stream and potential for future appreciation. The property's location in Lee County provides easy access to major roadways and amenities.

Property Details for 2534 Santa Barbara Pl

Property type
Office properties, Medical offices
Square Feet
8,909 SF
Class
B
Year Built
2008
Buildings
1
Stories
2
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Cape Coral
County
Lee
State
Florida
Latitude
26.6050084
Longitude
-81.9734674
2534 Santa Barbara Pl, Cape Coral, Florida

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2534 Santa Barbara Pl
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