Bonita Springs, Florida – Our NNN Commercial Real Estate staff has news from Florida, this morning. We see that Construction of Tavira at Bonita Bay has topped out. The last major roof slab on the 26-story Investment Property has been poured. This Investment Property is a residential high-rise, and construction is on schedule with completion slated for next fall. The Lutgert Companies and Boran Craig Barber Engel Construction Company Inc. broke ground for the building back in October of 2007. This Investment Property is the sixth of eight high-rises planned along Estero Bay in Bonita Bay.
Tavira is next to Estero Bay Park, one of three waterfront parks within the 2,400-acre master-planned community. The Investment Property will have a rooftop sunset terrace with beautiful views of Estero Bay, Bonita Beach and the Gulf of Mexico. This Investment Property has Forty-three of their 90 homes, including the two penthouses, have been recently sold. These new Home prices range from $1,606,000 to $2,853,000.
Our staff has found it difficult to find Net Lease Properties in this area with a high cap-rate. We, at NNN Commercial Real Estate news, were analyzing a Charter School as a Net Lease Property investment in this area of Florida. This commercial real estate is approximately 17 miles north of the Naples Municipal Airport (APF) which is located at 160 Aviation Drive North, in Naples, Florida.
We also have NNN Commercial Real Estate news from Jacksonville, Florida. A large Commercial Real Estate Investment Firm helped with the sale of a Jacksonville office building. This Commercial Investment Property is a 34,000 square-foot office building. This Investment Property sold for $2,150,000. An different Commercial Real Estate broker brought the buyer, who is a private investor from the Jacksonville area.
The three-story office building is located at 9000 Regency Square Boulevard. This leased Office Building Investment is close to Kendall Town Center and downtown Jacksonville. The commercial property was approximately 40% leased at the point of sale with tenants leasing space that include United Legal Corporation, Planet 5 Associates and others.
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