Office•Office Building•For Sale or Lease

Harbor Place Professional Center

1107 W Marion Ave, Punta Gorda, Florida 33950

Sale Price $2,800,000
Lease Rate $12.00 /SqFt NNN
Sale Type Net Lease Investment
Zoning PD-NC Planned Development, Neighborhood Center District
Class B
Year Built 2001
Stories 1
Cap Rate 8.00%
Vacancy 65%
Gross Bldg 19,757 SqFt
Land Area 2.02 Acres
Improvements The lot frontage is an addition of W Marion Ave + W Olympia Ave
Net Op Inc $213,578.38
Market Punta Gorda
NNN Investment Property located in beautiful Punta Gorda. This location is ideally situated in Punta Gorda and is within walking distance to Fisherman's Village for shopping and dining or to historic downtown filled with restaurants, shops and entertainment. Tourists and residents can grab a free bike from Fisherman's Village and enjoy the bike trails. Farmers Markets on both Saturdays and Sundays are within walking distance. The waterfront is a short walk away where amazing sunsets can be enjoyed! A walking/biking trail runs the length of the waterfront, winds through the town and by this property. Punta Gorda is on I-75 -midway between Sarasota and Naples on the Gulf Coast. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida. This Office/Retail building is located between W. Marion Ave and W Olympia Ave, across from Fisherman's Village and close to the Visual Arts Center. This is a Pro Forma Cap Rate of 8%. NNN pass through & CAM is estimated to be $4.36. The 8% Cap rate is for full occupancy, accounting for a 5% vacancy factor. Current occupancy is 65% with 3 of the 5 units leased. An appraisal of the property was just completed. Two Professional Office Spaces Available in Harbor Place Professional Center. Unit 119 is a 3,225 SF end unit. This unit features 6 private offices; a conference room; and two 2 ADA restrooms. Unit 112 is 3,779 SF and features a lobby and reception area with built-in desk; 7 private offices; 2 conference rooms; 4 cubicles; and two 2 ADA restrooms. Lease rate for each unit is $12/SF/YR NNN. NNN pass through & CAM is estimated to be $4.36. Harbor Place is located directly across from entrance to Fisherman's village between West Marion Avenue and Olympia Avenue in Punta Gorda. Punta Gorda is on I-75 -midway between Sarasota and Naples on the Gulf Coast. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida. This Office/Retail building is located between W. Marion Ave & W Olympia Ave, across from Fisherman's Village and close to the Visual Arts Center.
  • Investment Property in Punta Gorda
  • Over 40 Allegiant Air Flights out of the Punta Gorda Airport
  • Single Story - Multi Tenanted Property
  • Pro-Forma Cap Rate of 8%
  • Large Professional Offices of 3,225-3,779 SF
  • Both Units Feature:
  • Private Offices
  • Conference Room(s)
  • Kitchenette
  • ADA Restrooms

2 Spaces

Office Building
3,779 SqFt
$12.00 NNN
1
Unit 112 is 3,779 SF and features a lobby and reception area with built-in desk; 7 private offices; 2 conference rooms; 4 cubicles; and two 2 ADA restrooms. Lease rate is $12/SF/YR NNN.
Office Building
3,225 SqFt
$12.00 NNN
Unit 119 is a 3,225 SF end unit. This unit features 6 private offices; a conference room; and two 2 ADA restrooms. Lease rate is $12/SF/YR NNN.
6/6/2019 11:21:16 PM 6/18/2019 1:25:19 PM
Heather Rideout
Director
KW Commercial | Port Charlotte

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