Mixed-Use Portfolio – 13,788 SF in Fort Myers, FL – High Occupancy with 7.3% CAP Rate

Category: Mixed-Use

Price:$3,000,000

Location: Fort Myers, FL

Year Built: 1984

Days on Market: 65

Description:

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.

Vintage 1984, two separate one story buildings, compromising 13,788 gross square feet and 11,241 rentable. The buildings are concrete block...

Listing Code: 1068719515