13214 Palm Beach Blvd - Medical FOR SALE


Fort Myers, FL 33905
$1,825,000 USD
239-989-3362
13214 Palm Beach Blvd, Fort Myers, FL for Sale
$1,825,000 USD
Medical - FOR SALE
1/23
null | 6.58% Cap Rate

13214 Palm Beach Blvd
Fort Myers, FL 33905


HIGHLIGHTS

  • Easy Investment with High Value Long Term Medical Tenant
  • 6.58% Cap Rate with Upside
  • Convient location for patients East Ft Myers / Alva Area
  • 8+ Year Occupancy w/ Term Remaining
  • 2 (5 Year Options to Renew)

OVERVIEW

Medical Office Investment for sale occupied by Millennium Physicians Group who is the 2nd largest healthcare group in Lee County. High value corporate medical tenant selling at a 6.58% Cap Rate. This tenant has occupied this space for 8+ years and current term expires 12/31/2028 with 2 additional 5 year options to renew. This is a long term investment property with limited landlord responsibilities and is structured as a Triple Net Lease. The building is in good shape overall has Newer HVAC which was replaced by tenant in 2024 and 2025 features a metal roof in overall good condition, building was not damaged by recent hurricanes. Recently updated paint and interior is very clean well kept maintained. The space is split into two separate spaces that are joined by a common interior door. There are 2 separate entrances, waiting rooms and receptions areas so this space could easily be split in the future if needed. Currently Millennium Physicians Group (MPG) occupies the entire space. Please contact agent to schedule a private tour. Please do not visit space without appointment as this is a medical office and walk through will not be permitted without notice.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,000 SF

ZONING

C-1

APN/PARCEL ID

29-43-26-03-00037.0410

ASK ABOUT THIS PROPERTY

Patrick MorrisBarclay's Real Estate GroupMore Info
239-989-3362

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Patrick MorrisBarclay's Real Estate GroupMore Info
239-989-3362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.