16350 Innovation LN Active Save Request In-Person Tour Request Virtual Tour
Fort Myers,FL 33913
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,666 sqft
Price per Sqft $256
MLS Listing ID 224086054
HOA Y/N Yes
Originating Board Naples
Year Built 2022
Annual Tax Amount $7,810
Tax Year 2023
Lot Size 0.474 Acres
Acres 0.4738
Property Description
"Value-Add Opportunity: Flex Space in High-Growth Fort Myers"
16350 Innovation Lane, Fort Myers, FL 33913
Unlock Significant Value with this Underutilized Flex Space
This 20,666 square foot flex-style warehouse presents an exciting value-add investment opportunity in the dynamic Fort Myers market. Currently 50% leased, this property offers a prime chance to increase income through strategic leasing efforts.
Key Investment Highlights:
Significant Upside Potential: Lease up 50% of vacant space to significantly increase cash flow.
Strong Market Fundamentals: Benefit from Fort Myers' robust economic growth and increasing demand for industrial space.
Value-Add Potential: Implement improvements to enhance tenant appeal and further increase rental income.
Attractive Financial Projections:
Projected Cap Rate: 6.7% (current)
Estimated Cap Rate (post-improvements): 7.45%
Prime Location: Located in a desirable area with excellent access to major transportation routes.
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Location
State FL
County Lee
Interior
Cooling true
Inclusions Building only
Fireplace No
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Waterfront Description None
Garage No
Building
Story 1
Level or Stories 1
New Construction No
Others
Senior Community No
Tax ID 06-46-26-L4-1500A.0000