Office For Sale • 11,692 SF
| Strong ~$202K in-place NOI providing immediate, consistent cash flow at a $2.55M basis, offering an attractive entry point for investors seeking yield |
| Anchored by the State of Florida (DJJ), delivering secure, credit-backed income with long-term stability through 2029 |
| Long-term lease in place with Moretti Cucina Italiana extending through 2031, providing additional durability to the income stream |
| Diversified tenant mix consisting of government, restaurant, and local tenancy, reducing reliance on a single income source |
| Attractive yield relative to today’s market, with a 7.92% cap driven by in-place income and management upside |
| Value-add opportunity to restructure leases toward a more NNN format, allowing for potential reduction in landlord expense exposure over time |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Southwest Florida International | 26 min | - | 18.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 54 |
| Type: | Surface |
| Included in Rent: | Yes |