Contract Pending - Industrial Warehouse
2820 Cargo Street, Fort Myers, Florida 33916
Sold: $5,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
60,100 sqft
Land Size
10.55 acres
Zoning
IH
Year Built
1973
Roof
2024
Parking
300
Property Description
- Located between Old Metro Pkwy. and Veronica Shoemaker Pkwy. on the NW corner of Cargo Str. and Work Dr. Fenced Lot.
- Property Type: 60,100± SF of building on 10.55± acres. Multi-building (3), large-scale industrial/office with surface storage yard.
- Zoned: IH – Heavy Industrial
- Year Built: 1973 | Renovated: 1980
- New Roof: 2024
- Parking: 300 Free Surface Spaces | Ratio: 4.71/1,000 SF
- Docks: 4 Ext
- Drive Ins: 6 Total / 10’ W x 16’ H
-
CURRENT TENANT: CenturyLink Florida, Inc.
LEASE TERM: February 29, 2028 w/ (2) 5-year renewal options
NOI: $262,500
CAP RATE: 4% (NNN Lease)