3900 Broadway - 4 Buildings Office FOR SALE


Fort Myers, FL - Page Park
$3,400,000 USD
305-710-3422
, Fort Myers, FL for Sale
$3,400,000 USD
Office - FOR SALE
1/14
null | 9% Cap Rate

3900 Broadway - 4 Buildings
Fort Myers, FL
Page Park


HIGHLIGHTS

  • Well kept and well run buildings.
  • Large amount of parking - great for tenants and lowers costs on landscaping
  • Selling for below appraised value

OVERVIEW

Incredible opportunity to own 4 office buildings in the heart of Ft Myers. Self managed, easy to operate with all tenants on long term leases. Recent rate increases this year has taken this asset from a 5 CAP to a 9 CAP! Ability to add on 4 additional stories, per local zoning laws. 240 Ft of Broadway frontage!! Landscaping only $500/month and the irrigation comes from a well, which is VERY rare for the area. (Grandfathered in). Over 100 parking spaces, plenty of room for food trucks, merchandise sales, over flow guests, and more. 1 Building entirely leased by a medical center. other buildings' tenants include HVAC techs, classrooms, beauty salons, massage/physical therapy professionals, doctors, chiropractors, and even a non-profit/Church! Owner takes care of exterior electricity (roughly $160/month). Leases are not Triple Net. Very loyal tenants on property, hardly ever vacancies.

ASK ABOUT THIS PROPERTY

Marc MiddletonCachon Realty GroupMore Info
305-710-3422

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Marc MiddletonCachon Realty GroupMore Info
305-710-3422

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