Colonial Court Higher Education Facility

EXECUTIVE SUMMARY:

LSI Companies is pleased to present the Nova Building, a premium Class-A building with an investment-grade tenant committed to 100% of the space.

Currently home to Nova Southeastern University, this exceptionally built facility offers a unique opportunity to acquire prime real estate in the thriving Fort Myers submarket. The construction and build-out are state-of-the-art and include classrooms, conference rooms, clinical rooms, a fitness center, and much more. The property itself is located at one of the most sought-after locations in SWFL, positioned at the Interstate 75 and Colonial Blvd. interchange.

The Nova Building boasts an impressive 60,305± sq. ft. of rentable space across 4 stories. Constructed in 2008, the Nova Building has been well maintained with numerous impressive upgrades contributed by the tenant.

INVESTMENT HIGHLIGHTS:

• Cash flowing NNN lease with "Credit Tenant" in place.
• Prime location near the I-75 and Colonial interchange.
• Highly specialized build-out in place specifically catered to medical training and learning.
• Exceptionally durable construction with top-tier finishes and upgrades.
• • The property is being sold well below replacement cost value.

BUILDING OVERVIEW:

Building Characteristics:

• Building Foundation - Monolithic concrete slab reinforced by 120 Auger Cast pilings
• Exterior Walls - Concrete block and synthetic stucco
• Roof - Clerestory style standing seam roof and flat roof structure (inspected every 6 months)
• HVAC - Central, zoned
• Windows - Energy efficient, impact glass
• Fire Protection - Fully sprinkled
• Max Building Occupancy - 1,299 occupants

60,305± Rentable Sq. Ft.:

• 1st Floor: 14,488± Sq. Ft.
• 2nd Floor: 14,387± Sq. Ft.
• 3rd Floor: 15,715± Sq. Ft.
• 4th Floor: 15,715± Sq. Ft.

Space Plan Summary:

• (14) Classrooms/Labs
• (40) Private Offices
• (14) Exam & Simulation Rooms
• (13) Mechanical Rooms
• (12) Bathrooms
• (3) Meeting/Conference Spaces
• (2) Elevators

Parking Spaces:

• 270 parking spaces
• Recently surfaced and resealed