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Naples Investor Acquires Two Office Buildings On Del Prado Boulevard In Cape Coral For $1.43M

Property Image
SOLD
$1,430,000

Florida

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Office8,898 SF
Sold 07/16/2025
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Property Image
SOLD

Naples Investor Acquires Two Office Buildings On Del Prado Boulevard In Cape Coral For $1.43M

4202 Del Prado Boulevard South & 4206 Del Prado Boulevard South

See Similar Deals
Office8,898 SF
Sold 07/16/2025
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$160
Total Square Footage:8,898 SF
Transaction Type:Sale

Two office buildings located at 4202 and 4206 Del Prado Boulevard in Cape Coral were sold for a combined amount of $1,430,000. The properties, totaling 4,449 square feet, were sold to an investor based in Naples through an LLC. The 4202 Del Prado property was sold for $781,000, while 4206 Del Prado was sold for $650,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,430,000
  • Address: 4202 & 4206 Del Prado Boulevard
  • Market: Cape Coral
  • Broker: Mike Trivett - LSI Companies
  • Square Footage: 4,449 SF
  • Price per Square Foot: $321

This transaction involved Mike Trivett from LSI Companies, who acted as the broker representing the seller in the deal. The sale reflects a noteworthy appreciation in value for both office properties in the area.

Players

Mike Trivett
1 deal$1.4M volume(239) 489-4066
BROKER

Details

SOLD
IMAGE: 07/16/2025 ADDRESS: 4202 & 4206 Del Prado Boulevard MARKET: Cape Coral ASSET TYPE: Office BROKER: Mike Trivett - LSI Companies SALE PRICE: $1,430,000 SF: 4,449 ~ PPSF: $321 NOTE: Two office buildings on Del Prado Blvd. in Cape Coral, totaling 4,449 SF, were sold for $1.43M to a Naples investor via an LLC. The 4202 Del Prado property sold for $781K, while the 4206 Del Prado property went for $650K, with both properties experiencing significant value appreciation.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15