Industrial Investment | 6.5% CAP Rate

  SOLD August 2022 for $3,275,000

2840 South Street, Fort Myers, Florida 33916


Documents
Building Size34,615 Square Feet
Land Size1.48 Acres
ZoningIH
Year Built1965

The current owner, Creative Door and Millwork, was founded in 2003 and is a distributor of residential, commercial and custom doors. They are a preferred vendor to one of the regions most prestigious and largest builders. Their 2021 gross revenue was in the low eight figures. They will leaseback 100% of this property for 5 years at $6.15 PSF NNN + OpEx, not to exceed $1.85 PSF in year one. This 1.48± acre corner lot offers access from 2 streets. The property is improved with 2 buildings totaling 34,615± SF, approximately 3,300± SF of that is finished space.

O/H Doors:
Building 1: Two 18’ x 14’, one 10’ x 14’ & one 10’ x 10‘ Dock Ramp
Building 2: One 16’ x 14’

Highlights:

  • Phase I (2016) stating No Recognized Environmental Conditions
  • Fenced secured yard
  • 1 Dock high door with dock plate
  • Rail access
  • Pre-engineered Dean Steel building
  • 6 Wall mounted exhaust fans
  • Rare heavy industrial zoning
  • 10 minutes to I-75, Exit 138
  • Site is situated in a Lee County Opportunity Zone, providing tax incentives to investors

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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