INVESTMENT INCOME PROPERTY 8.1% CAP RATE | 100% OCCUPANCY
Property Overview
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, breakrooms and atrium. Historically high occupancy with less than 2.5% vacancy with a long wait list. Liberal CI zoning allows for a multitude of retail, office or medical uses.
Property features and attractive 8.1% CAP rate with considerable upside as leases reset.
• 13,778 +/- gross SF, 11,241 +/- rentable SF
• Lot Size: 1.23 +/- acres
• Taxes: $24,137
• Zoning: CI -Commercial intensive (City of Ft. Myers)
• Year Built: 1984
• Strap #36-44-24-P3-01300.0200 & 36-44-24-P3-01300.0190
Property Details
| For Sale: | Yes |
|---|---|
| Property Type: | Retail-Commercial |
| Subtype: | General |
| Use Type: | Investment |
| Status: | Active |
| Street Address: | 4066-4100 Evans Avenue |
| City: | Fort Myers |
| County: | Lee County |
| Asking Sale Price: | $3,000,000 |
| Cap Rate: | 8% |
| Building Size: | 13778 SF |
| Percent Occupied: | 100% |
| Number of Stories: | 1 |
| Year Built: | 1984 |
| Zoning: | CI -Commercial intensive (City of Ft. Myers) |
| Number of Units: | 52 |
| Space Available: | 11241 SF |
Area Description
Located in the City of Ft. Myers just off Winkler Avenue and near US 41, with easy access to I-75. Many professional and medical offices nearby.
