For Sale
$4,600,000

2350 Vanderbilt Beach RdNaples, FL 34109

Fully leased, Class A, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two fully leased Class A medical office condos totaling 7,971 square feet in a prime North Naples location at 2350 Vanderbilt Beach Road, Suites 102 & 303. The property, built in 2008, is a three-story building within a Planned Unit Development (PUD) zoning. Suite 102 encompasses 3,323 square feet, designed as a Level II Office Surgery Suite or Office-Based Lab (OBL), ideal for minimally invasive procedures. Suite 303 offers 4,648 square feet of space suitable for medical patient care and administrative offices. The current owner will leaseback the property under a 5-year NNN lease, commencing at closing, with a 5-year renewal option at 95% of the prevailing fair market rental rate. This sale-leaseback transaction offers a 6.00% cap rate and 100% occupancy. The property boasts a highly desirable location with convenient access to major roadways, nearby hospitals, upscale amenities (Ritz-Carlton, Tiburón Golf Courses), and numerous retail options (Starbucks, Walgreens, CVS). The strategic location and flexible design cater to a wide range of medical specialties, ensuring long-term appeal and strong rental potential. The asking price is $4,600,000. APN: 64629000045, 64629000184. An appraisal is available upon request. This is a tax-free state investment opportunity in a highly-rated location.

Highlights

  • Two fully leased Class A medical office condos totaling 7,971 square feet in North Naples.
  • Seller will leaseback the property with a 5-year NNN lease, including a 5-year renewal option at 95% of market rate.
  • 6.00% cap rate and 100% occupancy.
  • Located in a prime North Naples location near major roadways, hospitals, and upscale amenities.
  • Florida's tax-free status offers significant investment advantages.

Property Details for 2350 Vanderbilt Beach Rd

Property type
Office properties, Medical offices
Square Feet
7,971 SF
Class
A
Year Built
2008
Buildings
1
Stories
3

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.2423728
Longitude
-81.7717845
2350 Vanderbilt Beach Rd, Naples, Florida

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2350 Vanderbilt Beach Rd
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