8.10% Cap Rate Investment Opportunity

Two story building
Grade level open garage
Additional paved parking
Partially fenced

Single Long Term Tenant
17 year lease - Commencement date 11/2/09
60 Month Option to Renew - Commencing 10/31/26
2% Annual Increases
Tenant pays all repairs and replacements except for roof

Property ID:#002530
Address:1685 Medical Ln.
Fort Myers, FL 33907
STRAP#:02-45-24-P2-00300.0090 02-45-24-P2-00300.001A
Property Use Type:Educational Institution
Rentable Square Feet:42,570± SF
Building Size:44,334± SF
Utilities:City Water & Sewer
Total Land Size:1.64± Acres plus 22,520± SF
Zoning:NC - Neighborhood Community
Sale Price:$6,950,000
Annual Escalation:2% annual increases
Net Operating Income:Annual Income 2021-2022 - $564,268.20

Area & Location:

Location Description:One block off Colonial Blvd.
Between Summerlin Rd. & US 41/Cleveland Avenue
Nearby signalized intersection
Easy ingress/egress
Direct access to Cape Coral & I-75
Excellent access to SWFL Int'l. Airport

Contact Information:

Transaction Specialist:Tom Woodyard
Phone:(239) 425-6011
E-mail:[email protected]
Web Site:www.wa-cr.com

Back to Listings

The statements and figures presented herein, while not guaranteed, are secured from sources we believe to be authoritative. Subject to prior sale, lease, withdrawal, and price change without notice.