12220 Itec Haul DrLehigh Acres, FL 33913

Property Details for 12220 Itec Haul Dr

Year built

2024

Property size (Sq ft)

1,500 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a fully leased, 1,500-square-foot Class A flex space in the Airport Haul Road Business Park, located at 12220 ITEC Haul DR, suite 204, Fort Myers, FL 33913. The property, built in 2024, boasts a 20-foot ceiling height and is situated within a prime industrial park. Currently operating under a single, Net Lease (NNN) agreement with a 100% occupancy rate, the lease commenced September 1st, 2024, and expires August 31st, 2027, representing a remaining lease term of approximately 2.8 years. The current annual Net Operating Income (NOI) is $27,000, yielding a 6.00% cap rate. The asking price is $450,000, translating to a price per square foot of $300 and a price per unit of $450,000. Rent bumps are structured as either 3% annually or CPI + 2%, whichever is greater. This condominium ownership offers a stable income stream and significant tax advantages, making it ideal for 1031 exchanges. The property's strategic location ensures excellent accessibility and visibility, enhancing its long-term investment potential. The lease includes options for terms of 1-3 years.

Location Insight

City

Lehigh Acres

County

Lee

State

Florida

Latitude

26.5321

Longitude

-81.7131

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