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Cape & Coast Premier Properties 980 Cape San Blas Rd 2,216 SF 100% Leased Office Building Overstreet, FL 32456 $1,311,711 CAD ($591.93 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple (NNN) Lease
- Strong Corporate Growth
- Corporate Guarantee from StayTerra Vacations, LLC
- Significant AUM
Executive Summary
Surmount is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 980 Cape San Blas Road, Port St Joe, FL 32456. The site consists of roughly 2,166 rentable square feet of building space on an estimated 0.47-acre parcel of land. This Cape & Coast Premier Properties is subject to a 20-year Triple Net (NNN) lease, which commenced 8/20/2025. The current annual rent is $69,556 and has scheduled increases of 3.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
2,216 SF
Building Class
C
Year Built
1997
Price
$1,311,711 CAD
Price Per SF
$591.93 CAD
Cap Rate
7.25%
NOI
$95,099 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,216 SF
Building FAR
0.11
Lot Size
0.47 AC
1 1
Property Taxes
| Parcel Number | 06288-111R | Improvements Assessment | $478,076 CAD |
| Land Assessment | $136,220 CAD | Total Assessment | $614,296 CAD |
Property Taxes
Parcel Number
06288-111R
Land Assessment
$136,220 CAD
Improvements Assessment
$478,076 CAD
Total Assessment
$614,296 CAD
Contacts
-
Francis Purritano -
Alexandre Marietto -
Gordon Pollock -
Glen Kunofsky -
Christopher Marks -
Surmount
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Cape & Coast Premier Properties | 980 Cape San Blas Rd
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