For Sale
$3,550,000

2671 Arpt Rd Naples, FL 34112

Class A Office Condos, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents 12,281 square feet of Class A office condos in Naples, Florida's desirable Airport Road area. The property, Court Plaza III, boasts a 100% occupancy rate across six tenants, including government agencies and established businesses. A complete renovation was finished in 2021, ensuring a modern and attractive workspace. The building, constructed in 1993, benefits from a prime location near the Collier County Government Center and Courthouse, along with numerous national retailers. The current asking price is $3,550,000, representing a 6.02% cap rate and a pro-forma cap rate of 11.89%. The property is zoned for commercial use and offers significant value-add potential through lease conversions to NNN. The seller controls 14 of the 18 total HOA units, providing substantial influence within the association. Acquiring the remaining four units could increase the building's value to approximately $8.5 million. This fully leased property offers immediate cash flow and minimal landlord responsibilities, making it an ideal addition to any investment portfolio. The property consists of one building with multi-tenancy. The price per square foot is $289.06.

Highlights

  • $3,550,000 asking price for a Class A, 12,281 square foot office building in Naples, FL.
  • Fully renovated in 2021.
  • 100% occupancy with six tenants.
  • 6.02% current cap rate, with a pro-forma cap rate of 11.89%.
  • Value-add opportunity by converting leases to NNN.

Property Details for 2671 Arpt Rd

Property type
Office properties, Office space
Square Feet
12,281 SF
Class
A
Year Built/Renovated
1993/2021
Buildings
1

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.130452751077
Longitude
-81.764922413599

FAQs

What type of property is this?
Office property - Class A Office Condos, High ROI Potential
Where is the office property located?
The property is located at 2671 Arpt Rd Naples, FL.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: $3,550,000 asking price for a Class A, 12,281 square foot office building in Naples, FL.; Fully renovated in 2021.; 100% occupancy with six tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2671 Arpt Rd
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