2671 Arpt RdNaples, FL 34112

Property Details for 2671 Arpt Rd

Year built

1993

Property size (Sq ft)

12,281 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1305

Longitude

-81.7649

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