For Sale
$6,999,995

3558 Plover AveNaples, FL 34117

Fully Leased, High-Yield Industrial Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, single-story, Class B industrial flex space building in Naples, Florida. The 18,588 square foot property, built in 2021 and renovated in 2024, sits on a 1.17-acre lot and features six individual units, each with 18-foot ceilings. Currently boasting 100% occupancy with a diverse tenant mix, the building provides a stable and predictable income stream, generating a Net Operating Income (NOI) of $422,685, resulting in a 6.04% cap rate. The asking price is $6,999,995, translating to $376.59 per square foot and $1,166,665.83 per unit. The property is zoned CPUD and is offered as a condominium with a Net Lease (NNN) structure, making it ideal for a 1031 exchange. The building is constructed of concrete block, minimizing maintenance needs. Two units recently received new air conditioning units. The property's location in Naples, Florida, offers strong market fundamentals and potential for future rent growth. All leases are in place until August 19, 2024. This is a secure, high-yield investment opportunity with a proven track record of success. The absence of loading docks is noted.

Highlights

  • $6,999,995 asking price for a fully leased, 18,588 SF flex space building in Naples, FL.
  • 100% occupancy with a 6.04% cap rate and $422,685 NOI.
  • Six units, each averaging $1,166,665.83, in a Class B, single-story building on a 1.17-acre lot.
  • NNN lease, 1031 exchange eligible, built in 2021 and renovated in 2024.
  • Located at 3558 Plover Ave, Naples, FL 34117.

Property Details for 3558 Plover Ave

Property type
Industrial properties, Flex space
Square Feet
18,588 SF
Class
B
Year Built/Renovated
2021/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
50,965 SF
Units
6

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.159107208176
Longitude
-81.676901659413
3558 Plover Ave, Naples, Florida

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3558 Plover Ave
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