Mayhugh Commercial Advisors recently completed the transaction of a multi-tenant office building located at 5041 Pine Island Rd. The property was sold for $1,800,000, reflecting a 5.53% CAP rate and a value of $387 per square foot.

Representing both the buyer and the seller, this income-generating office property offers significant potential for development. The anchor tenant, Advanced Dermatology & Cosmetic Surgery, occupies a substantial portion of the building, alongside two smaller tenants.

Sitting on 4.6 +/- acres of land zoned C-1A, the property not only generates revenue but also presents opportunities for expansion. Its strategic location across from the upcoming Publix at Calusa Cay, set to feature 90,000 +/- SF of retail space upon completion, adds to its appeal as an investment opportunity.

For more information on this property or similar opportunities, please contact Mayhugh Commercial Advisors at 239-278-4945 or visit MayhughCommercial.com.

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