Innovation Ln Fort Myers, FL 33913
- Industrial properties
- 2,025 SF
Current Use by Public Records
- Industrial properties
Property Details for 0 Innovation Ln
- Year built
- 2024
- Property size
- 2,025 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.7522
- Latitude
- 26.4966
