For Sale in Naples: 2,147 SF Grey Shell Class A

Opportunity to join medical specialty groups in this Class A building!

2350 Vanderbilt Beach Road

Suite 203

Naples, FL 34109

Second floor, 2,147 RSF suite delivered in grey shell with immediate availability. A must-see property for any physician looking for Class A office space in a beautifully designed 3-story medical office building with covered drop-off/pick up, private rear access for physicians/staff, one assigned/covered parking space. Current medical practices include Internal Medicine, Vascular Surgery, Pulmonary, Podiatry, Dermatology, and Pain Management.

Sale Price:  $536,750 ($250.00/SF - Grey Shell) 

Property Taxes:  $1,821.14 (2018) 

Condo Dues:  $2,147.00/qtr.

Call Jay Crandall at 239-221-8481 for more information or to schedule a tour today!

For SubLease on the Prestigious 5th Ave South in Naples, FL!

Rare opportunity to sublease a 1,365 SF retail suite with high pedestrian foot traffic in downtown Naples! 

659 5th Avenue South

Naples, FL 34102

Beautifully built out in 2018. Includes one designated parking space located behind space. Current lease ends October 2023. Immediate availability.

Location: North side of 5th Avenue South, just west of the Inn on 5th.

Lease rate: $64.89 NNN

Est. CAM: $11.00

Monthly Rent: $8,632.49
($7,381.24 base rent + $1,251.25 CAM) *Plus FL State Sales Tax/County Surtax.

Call Jay Crandall, CCIM at 239-221-8481 for more information or to schedule a tour!

For Sale in Fort Myers, Florida: Stand Alone Medical/Professional Office Building

Presented to you by Crandall Commercial Group:

7780 Cambridge Manor Place

Fort Myers, FL 33907

This is a single story 10,500 +/- (gross) sq. ft. medical/professional office building consisting of 4 individual built out office suites and sits on 1.08 acres. Site improvements include an asphalt paved parking area with a total of 48 parking spaces on the north, west and east side of the building.

*9,394/ +/- RSF Med/Prof Bldg.
*Comcast Internet
*2 Leased Units/2 Vacant Units
*Suite D: New A/C Nov. 2017
*All 4 Units Built Out
*Nicely Maintained Bldg/Property
*48 Parking Spaces (4 HC spaces)

Centrally located between Summerlin Road and US 41. Off New Brittany Blvd . . . accessible from Brantley Road or College Parkway

Sale Price: REDUCED TO $1,225,000.00 ($130.40/sf)
Property Taxes: $14,193.13 (2017) 1991
Zoning: CS-1

Call Jay Crandall, CCIM for more information or to schedule a tour at 239-221-8481 today!

New Listing For Lease in Ft. Myers: 6,733 SF Office/Warehouse Space!

Presented to you by Crandall Commercial Group:

Office/warehouse space available in this Class “A” industrial-flex building.

17041 Alico Commerce Court, Unit 1

Fort Myers, FL 33967

Unit 1 is a total of 6,733 RSF, all under air.  The office space is 4,159 SF +/- with multiple offices, kitchenette, 3 bathrooms, and a conference room. Warehouse space is 2,547 SF +/- (under air) with two 14x14 roll up doors and 1 bathroom. Solar/Photovoltaic cells on roof - great energy saver, reduced electric bills!

Between US 41 and I-75 on the south side of Alico road.

Year built: 2004
Building size: 11,100 +/- sq. ft.
Unit size: 6,733 RSF

Lease rate: $12.00 NNN
Est. CAM: $1.21 (incl. water/sewer/trash)
Monthly payment: $7,411.91* ($6,733.00 Base Rent + $678.91 Est. CAM)
* Plus FL State Sales Tax

If you would like more information or to schedule a tour, call our broker Jay Crandall, CCIM today at 239-221-8481!

 

 

3.29 Acres in Fort Myers!

For sale at Crandall Commercial Group:

2981 Cargo Street

Fort Myers, FL 33916

3.29 acre (143,657 sq. ft.) corner lot zoned IH- CFM (heavy industrial/City of Fort Myers) located in the Southside Industrial Park off of Work Drive near active rail transit and within the Enterprise Zone which is an area targeted for economic revitalization - investing capital, creating jobs and offering state tax incentives to eligible companies. Perfect location for logistics company needing room to build in Florida!

Property is located 1 parcel south of United Parcel Service main terminal and near active rail transit.

Sale price: $1,005,599 ($305,653.20/acre)

For more information or to schedule a tour, call 239-221-8481 today!

For Sale: 3.29 acres in Southside Industrial Park - Fort Myers

143,657 sq. ft. corner lot (can be divided), zoned I-2 (heavy industrial) located in the Southside Industrial Park off of Work Drive.

Property is located 1 parcel south of United Parcel Service main terminal and near active rail transit.

Price: $1,005,599 

Lot Size: 3.29 AC 

Price/AC: $305,653.20 

Please call Jay Crandall CCIM at 239-221-8481 for more information!

CCIM Conference Atlanta October 24 & 25, 2016 Pearls

Last week Bonnie and I attended the 2016 CCIM Thrive Conference in Atlanta. There were so many pearls derived from the sessions and speakers, we want to share some interesting observations through our blog posts.

Pearl #1

@Frank Luntz, Expert Communication Strategist from Luntz Global(keynote speaker)gave us the following:

21 Words for the 21st Century

Imagine

Peace of Mind

I get it

Real results/Real solutions

No conflicts/Hidden relationships

A real problem-solver

No excuses

Our first responsibility

Our mission/commitment

What makes us different

No surprises/No fine print

You decide

Maximize your value

Genuine accountability

You deserve

You're in control

Total alignment

We have to earn your loyalty

On your side

Measurable track record

Respecting/Protecting hardworking taxpayers

The one message highlighted more in this conference than any of the previous conferences: there is a lot of change coming. Change to our industry, change to the workforce, and change in the way we need to conduct business moving forward.

And, we have a choice. We can choose to look for the opportunities. Or, like the skeptics at the beginning of the auto industry, we can choose to mock the innovators of our day (by brushing off the change and telling them to go buy a good horse)or we can still continue to look for the next biggest thing in good horse whips. Either way,those looking to hold onto the past will remain in the past. The good news is for those looking to embrace the change and the future, the opportunities are extremely bright and the playing field has been leveled in many of the different job segments.

Have a safe and Happy Halloween!

CCIM SWFL Office Market Vacancy Decreases to 10.4% Q4 2015

Important information for owners of commercial office property from the 16th Annual SWFL CCIM District Commercial Real Estate Outlook Conference:

CCIM SWFL Retail Market Vacancy Decreases 6.6%

Market update from the 16th Annual SWFL CCIM District Commercial Real Estate Outlook Conference a few weeks ago. Great information for our retail clients!

U.S. Metropolitan ECONOMIC OUTLOOK from CCIM Quarterly Market Trends (Q4 2015)

The leading market index uses an array of factors to assess the relative health of an individual market. The factors include job creation, unemployment claims, bankruptcy filings, and permits for construction. The first two factors provide an indication of potential business expansion/contraction as well as of labor market health and a leading indicator of multifamily rental growth. Bankruptcy filings allude to the health of the business environment, while the permits data point to business plans and have an indirect impact on inventories.

The leading indicator is weighted based on both the current measure as well as its recent trend or lagged measures. These weighted measures are then added to create a score. This score is then ranked relative to a fixed scale where a measure of 85 or better indicates a robust market, 75 to 85 a strong market, 65 to 75 an average market, and a score below 65 coincides with a weak market. 

(Click on above picture to enlarge)

What is a CAP Rate?

Answer: The definition of a Capitalization Rate (CAP) is the rate of return on a real estate investment property based on the expected income generated by the property. CAP rate is used to estimate the investor's potential return on his/her investment. This is calculated by dividing the income the property will generate (after fixed costs and variable costs) by the total value of the property.

Capitalization Rate = Yearly Income/Total Value

For Lease: 1971 D Trade Center Way, Naples, FL

LEASED!

Check out our newest listing for lease in Naples, Florida:

1 Space Available - End Cap

Unit D

Space Available: 3,237 SF
Rental Rate: $8 /SF/Year
Space Type: Flex Space
Lease Type: NNN
Date Available: Jul 2015
Lease Term: 36 Months
Clear Ceiling Height: 9 ft.
Pct. Procurement Fee: 3.00%
Features: Cooling is available - Y Heating is available - Y Lighting is Available - Y

This unit offers 2,573 sq. ft. of air conditioned office/work area and 664 sq. ft. of warehouse/storage with a 10' overhead rollup door, 9' ceiling height and fenced parking at rear of building.


Highlights:

2,573 Sq. Ft. - Combined Office/Work Area - Under Air
664 Sq. Ft. - Warehouse
One - 10' Overhead Rollup Door
Available For Occupancy: July, 2015
Fenced Parking at Rear of Building
Est. CAM: $2.85

Conveniently located off of Airport Pulling Road, north of Pine Ridge Road.

Schedule a tour today by calling Crandall Commercial Group at 239-221-8481!

Grand Opening for Lee A. Welky, DMD Dental Care in Estero

Estero, Florida is growing. With the Hertz headquarters in progress, this is the place to be. Dr. Lee Welky, dentist to the Florida Everblades and in a Bonita Springs private practice for  14 years, has opened a new practice at 21740 Tamiami Trail, Suite 111, Estero, FL 33928. Dental Care in Estero is state of the art . . . digital X-rays, intraoral camera, and panoramic X-rays. To schedule an appointment with Dr. Welky, call 239-949-8282 or to schedule online, click on this link: 

http://www.drwelky.com/contact-us/

We want to thank Dr. Welky and his wife Elizabeth for trusting Crandall Commercial Group, allowing us to represent them in brokering their new location. We wish them great success and happiness in their new endeavor! 

Dr. Lee Welky

Grand opening ribbon cutting ceremony