12220 Itec Haul DrLehigh Acres, FL 33913
- Industrial properties
- 1,500 SF
Property Details for 12220 Itec Haul Dr
- Year built
- 2024
- Property size (Sq ft)
- 1,500 SF
- Property type
- Industrial properties
- Property subtype
- Other industrial properties
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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