16350 Innovation Lane, Fort Myers, FL, 33913

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$5,399,950
42 Days On Site

16350 Innovation Lane
Fort Myers, FL 33913

For Sale|Warehouse|Active
0
Beds
0
Full Baths
0
Partial Baths
20,666
SqFt
$261
/SqFt
2022
Built
County:
Lee

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16350 Innovation Lane16350 Innovation Lane16350 Innovation Lane16350 Innovation Lane
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Investment Opportunity: Value-Add Flex Space in Fort Myers FL 16350 Innovation Lane Fort Myers FL 33913 This 20,666 square foot flex-style warehouse offers a unique value-add investment opportunity. Currently configured for eight individual units, only 50% of the space is leased, providing a chance to increase income through additional leasing. Property Details: • Total Size: 20,666 square feet • Current Occupancy: 50% leased • Lease Terms: 10,333 square feet leased at $13,241.66 per month ($158,899.92 annually) • Vacant Space: 10,333 square feet, divisible into four units of 2,583 square feet each • Potential Rental Income: Lease vacant units at $19.00 per square foot for a total of $196,308 annually. Financial Projections: • Base Price: $5,300,000 ($256.46 PSF) • Improvement Costs (for four separate units): $300,000 • Total Investment: $5,600,000 • Projected Total Income: $355,207 • Cap Rate: 6.7% • Estimated Gross Income in 2027: $400,000 • Estimated Cap Rate (post-improvements): 7.45%

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Listing Snapshot
Price 
$5,399,950
Days On Site 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
20,666 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4738 Acres
Year Built 
2022
MLS® Number 
224086054
Status 
Active
Property Tax 
$7,810.64
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.4738
Number Of Stories 
1
Property Sub Type 
Warehouse
SqFt Total 
20666
Utilities 
Electricity AvailableSewer AvailableWater Available
Interior Features
Cooling 
Heating 
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Community Features
MLS Area 
FM20 - Fort Myers Area
Listing courtesy of Bartley Realty LLLP


The data relating to real estate for sale on this website comes in part from the Florida Gulf Coast MLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Neighborhood & Commute
Source: Walkscore
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