The subject property is a bustling turnkey strip-center, consisting of 17 units in two separate buildings with a total of 21,000 s.f. 1031 Santa Barbara is a 7,000 s.f. building with seven (7) 1,000 s.f., units; and 1025 Santa Barbara is a 14,000 s.f. building with ten (10) 1,400 s.f. units.

The building is at 95% occupancy, with a solid mix of new and established tenants, including D.R. Horton, the 10 Twenty Five Restaurant, Cape Ice Cream, H2 Fitness, Studio Elite Acro and Dance Academy, Experimac, Little Beginnings Ultrasound Studios, Flawless Barber, and the Micro Spa.

The buildings have absolutely no deferred maintenance. The roof was recently inspected and in good repair, the buildings are freshly painted, and most units have been recently remodeled. This is a turnkey property in a great location!!

Location Description:

Located in Southwest Florida in the city of Cape Coral, which was ranked number 1 by Forbes magazine as the fastest growing cities of 2017! According to Forbes, the population grew almost four percent in 2016 and it is predicted to expand even more in the coming year. Cape Coral is situated just north of the Fort Myers/Naples area, and two hours south of Tampa, Florida.

Highlights:

>> Turn Key strip center built in 2008

>> Buildings are newly painted; Roof recently inspected and in good repair

>> Parking lot was resealed and re-striped in October 2017

>> 95% occupancy

>> New and barely used air-conditioning units

>> Strong mix of new and established tenants

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