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1880 Elsa St 4,170 SF 100% Leased Industrial Building Naples, FL 34109 $2,184,224 CAD ($523.79 CAD/SF) 6.75% Cap Rate



Investment Highlights
- 100% Occupied - 3 Tenants. Units from ±920-sf to ±1,900-sf
- Ample Parking
- Recently renovated units | Outdoor Storage Capability
- Premier North Naples Industrial Location
Executive Summary
This 4,170± SF industrial flex property situated on 0.46± acres in North Naples Industrial Park presents a rare opportunity for stable, in-place cash flow. The building is 100% leased to three established tenants, offering immediate income with unit sizes ranging from approximately 920 ± SF to 1,900 ± SF—providing both tenant diversity and leasing flexibility. Recent renovations enhance the property’s durability and long-term appeal, supporting strong tenant retention. The site also features valuable outdoor storage and ample on-site parking, key amenities in this competitive industrial submarket. The property generates approximately $125,000 in annual rental income with low operating expenses of ~$17,000, resulting in a projected NOI of ~$108,000 and delivering an attractive, stable yield.
Property Facts
| Price | $2,184,224 CAD | Lot Size | 0.46 AC |
| Price Per SF | $523.79 CAD | Rentable Building Area | 4,170 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.75% | Year Built | 1975 |
| Property Type | Industrial | Parking Ratio | 2.4/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 12 |
| Building Class | C | ||
| Zoning | I - Industrial - Collier County | ||
| Price | $2,184,224 CAD |
| Price Per SF | $523.79 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 4,170 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 2.4/1,000 SF |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | I - Industrial - Collier County |
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Property Taxes
| Parcel Number | 00255089300 | Improvements Assessment | $154,578 CAD |
| Land Assessment | $901,443 CAD | Total Assessment | $1,056,020 CAD |
Property Taxes
Parcel Number
00255089300
Land Assessment
$901,443 CAD
Improvements Assessment
$154,578 CAD
Total Assessment
$1,056,020 CAD
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1880 Elsa St
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