For Sale
$2,300,000

4273 Arnold AveNaples, FL 34104

5,300 SF Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 5,300-square-foot industrial warehouse in Naples, Florida, presents a compelling owner-user or investment opportunity. Located at 4273 Arnold Ave, Collier County, this Class C property sits on a 0.68-acre lot and boasts a 100% occupancy rate until October 31, 2024, generating a pro-forma NOI of $132,500 and a 5.76% cap rate. The asking price is $2,300,000, translating to $433.96 per square foot. Built in 1973 and renovated in 2005, the single-story building features three units, each with a separate glass entrance and a 12-foot rear warehouse door. One unit is dedicated office space, complete with a reception area, break room, and seven individual offices. Two units include air conditioning and insulation. The third unit is an open warehouse space, previously used as a metal fabrication shop. Ample parking is provided with 31 spaces, and the property is zoned for commercial use. The seller will consider a leaseback for 6 to 24 months at fair market rent. The 14-foot ceiling height and enclosed rear parking area add to the property's functionality. This multi-tenant property offers significant potential for a variety of uses. The property is currently owner-occupied and will be vacated prior to closing.

Highlights

  • $2,300,000 asking price for a 5,300 SF warehouse in Naples, FL.
  • Class C, single-story building on a 0.68-acre lot, built in 1973, renovated in 2005.
  • 100% occupancy with one tenant, vacating prior to closing; potential for leaseback.
  • Features three units, 31 parking spaces, and a 14' ceiling height.
  • Pro-forma NOI of $132,500 and a 5.76% cap rate.

Property Details for 4273 Arnold Ave

Property type
Warehouses, Industrial properties
Square Feet
5,300 SF
Class
C
Year Built/Renovated
1973/2005
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
3

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.1675683
Longitude
-81.7571369
4273 Arnold Ave, Naples, Florida

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4273 Arnold Ave
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