The Truist Building - Naples, FL _Property for Sale
The Truist Building - Naples, FL _Property for Sale
801 Laurel Oak Dr, Naples, FL, 34108-2748, US

The Truist Building - Naples, FL

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire the Truist Building (the “Property”), a 68,003 square foot Class-A office building located at 801 Laurel Oak Drive in the opulent Pelican Bay neighborhood of Naples, Florida. The Truist Building is currently 90% leased to a strong roster of credit and local tenants that thrive off the affluence of the surrounding neighborhoods, which are some of the wealthiest in the country. This offering represents an exceptional opportunity to acquire an institutional quality asset in one of southwest Florida’s most sought after but supply-constrained communities.


The Truist Building is centrally located in the heart of Naples providing easy access and a short commute for executive level, white collar and blue collar employees alike. The Property sits less than 6 miles from downtown Naples, less than 0.5 miles from Waterside Shops Luxury Mall and less than 7.5 miles from the Naples Airport making it a prime destination for employers. Naples continues to benefit from the “Great Migration” that is taking place in the United States bringing more businesses and residents to the state of Florida at record numbers. Combined with the rising replacement costs of new construction and a thriving business community, Naples offers a tremendous value opportunity for savvy investors.

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Attributes

Building area net
6,318 m²
Year built
1982
Year renovated
2012
Number of floors
7 floors
Occupancy
90%
Land area net
1.90 ha
Parking spaces
223

Media

Investment Highlights

  • 90% Leased Offering Secure In-Place Cash Flow From Investment Grade Tenancy
  • 3.75 Years of WALT With Mark-to-Market Rent Growth Opportunity In A Surging Office Market 
  • Unparalleled Surrounding Amenity Base Includes Waterside Shops, Naples Grande, and The Ritz-Carlton
  • Generous 3.2/1,000 SF Parking Ratio Includes 20 Spaces in a Below Grade Garage
  • Class A, Boutique Office Offered Below Replacement Cost Sitting on 4.7 AC


The Truist Building - Naples, FL  4_Property for Sale
The Truist Building - Naples, FL  4_Property for Sale

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The Truist Building - Naples, FL (0 Properties)

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Last updated
1 Apr 2024