1560 Matthew Dr Office FOR SALE


Fort Myers, FL - Page Park
$617,500 USD
239-936-0144
, Fort Myers, FL for Sale
$617,500 USD
Office - FOR SALE
1/2
null | 7% Cap Rate

1560 Matthew Dr
Fort Myers, FL
Page Park


HIGHLIGHTS

  • Heart of Fort Myers professional center; easy access to Summerlin/Colonial/McGregor/US 41
  • Signalized Access onto Summerlin Rd & Boy Scout Dr
  • Surrounded by professional offices (medical, law, dentistry)

OVERVIEW

Property: Three (3) Condo Units in Midtown Professional Centre Location: Fort Myers, FL Details: Type: Professional Office Condos Size: Varies per unit Lease Type: Triple Net (NNN) at $12/SF Investment Highlights: Cap Rate: 6.72% (Proforma) Value-Add Opportunity: Potential for increased rents upon lease renewals in 2025 Current Leases: Two of the three leases set to re-set in 2025, presenting potential for higher rental income Discover a prime investment opportunity with these three professional office condos in the sought-after Midtown Professional Centre. With an advertised cap rate of 7% based on proforma, and lease re-sets at $12/SF triple net, this property offers a solid return on investment. Additionally, a value-add opportunity exists if higher rents are achieved when current leases reset in 2025.

ASK ABOUT THIS PROPERTY

Blake BartholomewBartholomew Realty, Inc.More Info
239-936-0144

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

Blake BartholomewBartholomew Realty, Inc.More Info
239-936-0144

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