70,000 SF100% Leased Industrial Building Fort Myers, FL$7,990,000 ($114/SF)6.72% Cap Rate PRICE $7,990,000 RENTABLE BUILDING AREA 70,000 SF PRICE PER SF $114 NO. STORIES 2 SALE TYPE INVESTMENT YEAR BUILT/RENOVATED 1968/2016 CAP RATE 6.72% PARKING RATIO 1.77/1,000 SF SALE CONDITIONS BULK/PORTFOLIO SALE CLEAR CEILING HEIGHT 21 FT 9 IN PROPERTY TYPE INDUSTRIAL NO. DOCK-HIGH DOORS/LOADING 3 PROPERTY SUBTYPE DISTRIBUTION NO. DRIVE IN / GRADE-LEVEL DOORS 1 BUILDING CLASS B OPPORTUNITY ZONE NO LOT SIZE 3.00 AC PROPERTY FACTS UNDER CONTRACT $7,990,000 70,000 SF AMENITIES • Atrium • Bus Line • Mezzanine • Storage Space • Air Conditioning AMENITIES • Atrium • Bus Line • Mezzanine TRANSPORTATION AIRPORT Southwest Florida International Airport 21 min drive 12.3 mi FREIGHT PORT Port Manatee 119 min drive 103.1 mi RAILROAD CTL DISTRIBUTION, INC.-MULBERRY-FL 149 min drive 104.8 mi PROPERTY TAXES Parcel Number 01-45-24-P2-00062.003A Improvements Assessment $1,690,850 Land Assessment $248,393 Total Assessment $1,939,243 ZONING • Listing ID: 25180315 • Date Created: 3/4/2022 • Last Updated: 9/6/2022 • Address: 4599-4607 Fowler St, Fort Myers, FL This 6.72% CAP portfolio consists of six buildings and three warehouses across 3 acres and comprises of over 24,000 SQ FT of AC and over 45,000 SQ FT of non-AC warehousing. Flexible IL zoning allows many variables for this income producing opportunity. A strong demand for industrial producing income properties makes this real estate only sale most attractive. A diverse sector mix of the five current tenants represent below current market lease rates with value and income appreciation for the future. The property has undergone extensive renovation investment including new roof and AC on one building and full maintenance on the others. There are no outstanding repairs or maintenance due since the 2017 renovation investment. There are 124 parking spots, a 3000+ SF workshop, a 5600 + SF showroom and another upper show room of 5700 SF plus a large open mezzanine. All buildings metal frame construction except 4607 Fowler which is poured concrete construction including the second floor. NOTE: Cell Tower is not part of the sale.