For Sale
$3,605,000

9115 Galleria CtNaples, FL 34109

Upscale, 9,000 SF office building, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, two-story creative office building in Naples, Florida, offers a compelling investment opportunity. Located at 9115 Galleria Ct, this 9,000 square foot property sits on a 0.17-acre lot and boasts 18 parking spaces. Currently 100% occupied by a single tenant under a Net Lease (NNN) agreement expiring March 30, 2025, with a remaining lease term of approximately 0.4 years and a 3% annual rent bump. The building, constructed in 2000, features a PUD zoning designation. The current asking price is $3,605,000, translating to $400.56 per square foot. The Net Operating Income (NOI) stands at $171,675, generating a monthly cash flow of $14,306 until lease expiration. The property's prime location across from two Ritz-Carlton properties and a regional retail center offers significant visibility and accessibility. This presents a rare chance to acquire a below-market-rent asset in a thriving Naples market with a low vacancy rate (5.6%) and limited new construction. The current lease rate is significantly below market rates, offering substantial upside potential for investors upon lease renewal or owner-occupancy. The property is ideal for an owner-user seeking a unique, high-profile location or an investor seeking strong cash flow and appreciation potential. The acquisition price is substantially below replacement cost, further enhancing its investment appeal.

Highlights

  • Below-market rents offer significant upside potential for investors.
  • Ten-year hold projects over a 3.5x equity multiple.
  • Unparalleled location.
  • Acquisition cost is well below replacement cost.

Property Details for 9115 Galleria Ct

Property type
Office properties, Office space
Square Feet
9,000 SF
Class
A
Year Built
2000
Buildings
1
Stories
2
Lot Size (sq. ft)
7,405 SF
Units
1

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.2479806
Longitude
-81.770406
9115 Galleria Ct, Naples, Florida

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9115 Galleria Ct
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