For Sale
$4,850,000

1968 Custom Dr Fort Myers, FL 33907

Fully Leased Warehouse, High CAP Rate

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fully leased industrial complex in Fort Myers, Florida, encompassing two buildings totaling 15,642 square feet on three parcels spanning 2.86 acres. The main structure is a 14,642 square foot metal warehouse, complemented by a 1,000 square foot concrete building featuring a 2,300 square foot carport. This carport uniquely houses three permitted paint booths. The property boasts a desirable 5.26% capitalization rate, reflecting strong rental income. Located conveniently near Page Field Airport, the property benefits from excellent accessibility and visibility. Built in 1974, the single-story complex is zoned C-1, offering flexibility for future development or continued operation as a high-performing industrial asset. The asking price is $4,850,000, translating to $310.06 per square foot. This is a rare chance to acquire a stable, income-generating property in a thriving market. The property's size, location, and existing tenant occupancy make it an attractive investment for discerning buyers seeking strong returns.

Highlights

  • 5.26% Cap Rate
  • Fully Leased
  • 15,642 SF Industrial Complex on 2.86 Acres
  • Includes 1,000 SF Building with 2,300 SF Carport Housing 3 Paint Booths
  • Excellent Page Field Airport Proximity

Property Details for 1968 Custom Dr

Property type
Warehouses, Industrial properties
Square Feet
15,642 SF
Year Built
1974
Buildings
2
Stories
1

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.5782002
Longitude
-81.8733181
1968 Custom Dr, Fort Myers, Florida

FAQs

What type of property is this?
Warehouse - Fully Leased Warehouse, High CAP Rate
Where is the warehouse located?
The property is located at 1968 Custom Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 5.26% Cap Rate; Fully Leased; 15,642 SF Industrial Complex on 2.86 Acres
How can I contact the broker?
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1968 Custom Dr
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