Separate but fully leased, 2 building portfolio on 1.23 acres. 52 units averaging 215 SF. Occupied by 47 local tenants on leases averaging 2 years. Professionally managed and maintained. New re-roof in 2017. Recent HVAC replacements also. Common areas include, lobby area, break rooms, and atrium. Historically high occupancy with less than 2.5% vacancy with a long wait list. Liberal CI zoning allows for multitude of retail, office, or medical uses. Property features and attractive 7.3% CAP rate with considerable upside as leases reset.
Mls | A11571085 |
---|---|
Listing Type | For Sale |
Style | Office Bldg |
Subtype | Resale |
Status | Active |
Year | 1984 |
Days On Site | 231 |
Listing Provided By | Southern Heritage Real Estate | Sherri Denning |
Sq Feet | 13,778 |
---|---|
Storys | 1 |
Buildings | 2 |
Zoning | CI |
Acreage | 1.23 |
State | FL |
---|---|
County | Lee |
City | Fort Myers |
Zip Code | 33901 |
Area | 5940 Florida Other |
Subarea | Other Geographic Area (Out Of Area Only) |
Listing VS Median (in 33901) | |
Price: $3,000,000 low | high Med: $340,000 SqFt: 13,778 low | high Med: 2,031 $ / SqFt: $218 low | high Med: $167 On Site: 231 low | high Med: 152.000000 |