5405 Taylor Rd

4,084 SF Flex Condo Unit Offered at $1,559,000 in Naples, FL 34109

INVESTMENT HIGHLIGHTS

  • Net Lease Investment Opportunity offered at 5.5% Return
  • Unit 5 - Showroom with vignettes and offices
  • Perfect for a 1031 Investor
  • Two Flex Units - One Lease
  • Unit 9 - Air conditioned work room for employees
  • 2 assigned parking spaces per unit

EXECUTIVE SUMMARY

Two flex units, one lease! 5405 Taylor Road Unit 5 and Unit 9 are currently leased to Debbie's Draperies and Design, a 35 year Naples institution for custom fabrics, drapes, upholstery, shades, and design services. Unit 5 - 2,042 SF is the design studio with built out with vignettes, warehouse and 2nd floor private offices. An ideal location to meet clients. Unit 9 - 2,042 SF is a fully air-conditioned workroom for the staff with a small kitchenette and bath. Together on one lease, the tenant is paying $85,745 net of expenses. Current lease expires February 20, 2025 and has 2 - 3 year options. A great opportunity for a 1031 investor looking to own industrial zoned property in Naples! Priced at only $379/SF for concrete block, well cared for industrial condominiums.

PROPERTY FACTS

Price $1,559,000
Unit Size 4,084 SF
No. Units 1
Total Building Size 32,300 SF
Property Type Industrial (Condo)
Property Subtype
Showroom
  • Industrial Warehouse
  • OfficeLoft Creative Space
  • Industrial Service
Sale Type Investment
Building Class C
Floors 2
Typical Floor Size 16,150 SF
Year Built 2000
Lot Size 3.06 AC

1 UNIT AVAILABLE

Unit 5 & 9

Unit Size 4,084 SF
Price $1,559,000
Price Per SF $381.73
Condo Use Flex
Sale Type Investment
Cap Rate 5.50%
NOI $85,745
DESCRIPTION

Unit 5 - 2,042 SF (built out with vignettes, warehouse and 2nd floor private offices)
Debbie’s Draperies & Design Studio has designed and manufactured exquisite custom drapes in south Florida for over 35 years.  Current lease expires February 20, 2025 and has 2 - 3 year options.
Unit 9 - 2,042 SF (fully air-conditioned workstation with small kitchenette and bath)

SALE NOTES

Unit 5 - 2,042 SF (built out with vignettes, warehouse and 2nd floor private offices)
Debbie’s Draperies & Design Studio has designed and manufactured exquisite custom drapes in south Florida for over 35 years.  Current lease expires February 20, 2025 and has 2 - 3 year options.
Unit 9 - 2,042 SF (fully air-conditioned workstation with small kitchenette and bath)

AMENITIES

  • Security System
  • Skylights
  • Air Conditioning

UTILITIES

  • Heating - Electric

ZONING

Zoning Code Commercial (Industrial)
  • Listing ID: 31332066

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 5405 Taylor Rd, Naples, FL 34109