16350 Innovation Fort Myers, FL 33913
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 20,666 ft2/1,919.93 m2
- Price Per: $261.30 ft2/$2,812.57 m2
- Type: Commercial/Investment
- Built: 2022
- HOA: No info
- MLS Number: 224086054
- View No info
- On Site: 27 days
- Updated: Listing Refreshed: 26 Days Ago
Investment Opportunity: Value-Add Flex Space in Fort Myers FL 16350 Innovation Lane Fort Myers FL 33913 This 20,666 square foot flex-style warehouse offers a unique value-add investment opportunity. Currently configured for eight individual units, only 50% of the space is leased, providing a chance to increase income through additional leasing. Property Details: • Total Size: 20,666 square feet • Current Occupancy: 50% leased • Lease Terms: 10,333 square feet leased at $13,241.66 per month ($158,899.92 annually) • Vacant Space: 10,333 square feet, divisible into four units of 2,583 square feet each • Potential Rental Income: Lease vacant units at $19.00 per square foot for a total of $196,308 annually. Financial Projections: • Base Price: $5,300,000 ($256.46 PSF) • Improvement Costs (for four separate units): $300,000 • Total Investment: $5,600,000 • Projected Total Income: $355,207 • Cap Rate: 6.7% • Estimated Gross Income in 2027: $400,000 • Estimated Cap Rate (post-improvements): 7.45%
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 10/25/2024 | Listed | $5,399,950.00 | $261.30 ft2/$2,812.57 m2 |
Contact Information
This property is courtesy of the Bartley Realty LLLP. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.