For Sale
$607,500

Innovation Ln Fort Myers, FL 33913

Class A industrial flex space, ideal 1031 exchange.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents two vacant, Class A industrial flex space condominium units totaling 4,050 square feet, situated within the Innovation at ITEC II complex in Fort Myers, Florida. Each unit offers 2,025 square feet of versatile space, boasting 25-foot ceilings and a prime location within the ITEC Industrial Park on Innovation Lane, zip code 33913. The property is zoned PUD and features a total of two single-story buildings, constructed in 2024. Currently vacant, these units are available for immediate occupancy, starting February 1st, 2024. Priced at $607,500 per unit ($300/sq ft), the property offers a compelling 6.00% cap rate with a Net Operating Income (NOI) of $36,450. This is a perfect owner-user opportunity or a strong 1031 exchange candidate, providing a stable investment with potential for long-term appreciation. The property's location within the thriving ITEC Industrial Park ensures excellent accessibility and visibility, making it an attractive option for a variety of businesses. This is a rare chance to acquire high-quality, newly constructed industrial flex space in a desirable Fort Myers location. The sale is a condominium ownership structure, with a triple net (NNN) lease type.

Highlights

  • Two vacant, 4,050 SF Class A industrial flex condo units in Fort Myers, FL.
  • Each unit is 2,025 SF with 25-foot ceilings.
  • Located in the Innovation at ITEC II complex on Innovation Lane, zip code 33913.
  • Built in 2024, available for immediate occupancy (February 1, 2024).
  • Priced at $607,500 per unit ($300/SF), offering a 6.00% cap rate and $36,450 NOI.

Property Details for 0 Innovation Ln

Property type
Industrial properties, Flex space
Square Feet
2,025 SF
Class
A
Year Built
2024
Buildings
2
Stories
1
Units
2

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.4966283
Longitude
-81.7521992

FAQs

What type of property is this?
Industrial property - Class A industrial flex space, ideal 1031 exchange.
Where is the industrial property located?
The property is located at Innovation Ln Fort Myers, FL.
What is the asking price?
The asking price for this property is $607,500.
What are key features of this property?
This property features: Two vacant, 4,050 SF Class A industrial flex condo units in Fort Myers, FL.; Each unit is 2,025 SF with 25-foot ceilings.; Located in the Innovation at ITEC II complex on Innovation Lane, zip code 33913.
How can I contact the broker?
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0 Innovation Ln
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