Industrial Warehouse Building For Sale
932 NE 24th Lane Cape Coral FL 33909
$1,350,000
List Price
7.58 %
Cap Rate
14,000
Building SF
$102,321
NOI
Investment Overview

A great investment opportunity is awaiting an investor interested in industrial warehouse facilities. The industrial building located at 932 NE 24th Lane in Cape Coral, Florida is in great condition! It has a new roof, new gutters, new paint, and a recently sealed and striped parking lot. It is a highly-sought after location with ideal 1,000-square-foot layouts equipped with office, warehouse, and bathroom space. The tenants at this location have privacy because they are located on a cul-de-sac at the southeast section of the North Cape Industrial Park alongside great proximity within the park. The impressive building has low vacancy rates and tenants that range from a cabinetry corporation to a home service business. The facility is easily maintained and is currently managed by Sunizo Superior Realty Management, a commercial property management company with extensive knowledge in maintaining industrial warehouses, collecting rent, and capital improvements. The North Cape Industrial Park is an attractive location for business owners engaged in industrial activity because the infrastructure is already established within the park. This industrial park is a unique feature in Cape Coral because industrial warehouse options in the city are limited. As the tropical metropolitan continues to grow, city leaders are diligently working to bring more developers to the area to keep up with the demand. This is one of the many reasons why Cape Coral boasts low vacancy rates in its industrial warehouses. Much of the land is undeveloped with limited product in the industrial sector. This is an investment opportunity for those looking for low vacancy rates for their property portfolio. Businesses and tenants within the park have the added benefit of having similar businesses that they can develop partnerships and collaborations within one central location. It is also occupied in an ideal location. The park is within miles of major roads in Cape Coral including Pine Island Road and Del Prado Boulevard. Cape Coral is located in Lee County which is a perfect destination for businesses because they have access to I-75 which runs through the center of the county and US 41. Cape Coral also has incentives for business owners that open up or relocate in the city including infrastructure grants, synthetic TIF, deferral or impact fees, and employment incentives. CoStar Market Analysts have also said that another attractive feature for business owners to come to Cape Coral is the high population growth of residents and seasonal visitors. Investors and business owners have the benefit of minimal product competition for industrial warehouses in the city, low vacancy rates, business incentives, attractive inherent features and the existing infrastructure of the park for tenants, as well as location advantages.

  • 95% occupied
  • NNN Leases
  • 14 units (1,000 square feet each)
Location Overview

Cape Coral is ideally located between major cities like Miami and Tampa and is north of Naples. It is one of the ten largest cities in Florida. According to the Cape Coral Economic Development Department, the city is only approximately 50% built out with about 200,000 residents. According to the Cape Coral Chamber of Commerce, the city is celebrating 50 years after it was incorporated in 1970. City officials are working to bring even more business to the area. 

FOR MORE DETAILS CONTACT
Linda Kazak
Regional Sales and Leasing Director
(239) 694-6878
LINDA@SUNIZO.COM