8140 College Pky - Medical FOR SALE


Fort Myers, FL 33919- Whiskey Creek
$5,795,000 USD
239-251-0017
8140 College Pky, Fort Myers, FL for Sale
$5,795,000 USD
Medical - FOR SALE
1/12
null | 8.09% Cap Rate

8140 College Pky
Fort Myers, FL 33919
Whiskey Creek


HIGHLIGHTS

  • Located in a prime area with high visibility, ensuring great exposure for tenants, who can expect a daily traffic count of 37,000 vehicles
  • The property features low-maintenance zero-scape landscaping and a newly paved parking lot.
  • Located across the street from Florida Southwestern State College.
  • Fully renovated and stabilized medical building for sale, offering an excellent investment opportunity
  • Nice upside potential
  • Visually Stunning Building

OVERVIEW

A fully renovated and stabilized medical building with excellent investment potential. Prime location offering high visibility, and competitively priced at $340 psf read to go. The building features 10 fully renovated units in total with elevator service to the second floor. Ideal spaces for smaller businesses looking for affordable high end spaces. Recent upgrades include a new shingle roof, resealed flat roof, updated tile and vinyl flooring throughout the interior and atrium, new HVAC systems, modern lighting, marble and wood accent walls, low-maintenance zero-scape landscaping, and a freshly paved parking lot. Almost like new! No additional work or deferred maintenance is needed for this prime investment opportunity. Current lease rates are approximately $6+/- below medical market rate, making the spaces easy to rent, CAM charges only $6.30 per square foot. A real tenant value. At full PGI of $569K makes this in year 2-3 of ownership almost a 10 CAP.

FOR SALE DETAILS

PRICE

$5,795,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Banyan Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

CPD

APN/PARCEL ID

15-45-24-00-00014.0060

ASK ABOUT THIS PROPERTY

Coni DeanVenture Realty & InvestmentsMore Info
239-251-0017

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Coni DeanVenture Realty & InvestmentsMore Info
239-251-0017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.