Commercial investment opportunity! Current tenant will sign a new lease at closing for 5 years at $14 per square foot, net, with 3% annual base rent increases, generating a 7% CAP Rate at the asking price. Or, if desired, Tenant will vacate at closing for an Owner/User. The subject property is, per Lee County appraiser, an 1826 SF "Flex" condo (condo docs show it as 1906 SF). Most of the space is built out as office but it still has a small warehouse in the rear with a roll up door (see floor plan) for storage. Tenant is Atilus, a web design, web development and digital marketing company. They have occupied the property since June of 2016.
Industrial: Business Park, Industrial: Condominium, Industrial: RnD, Industrial: Flex Space, Industrial: Office Showroom, Retail-Commercial: Street Retail, Retail-Commercial: Condominium
Electric, Phone Line, Sewer, Trash Removal, Water
|Price Reduced from $389,000 to $365,000|
|Price Reduced from $399,000 to $389,000|
|Price Reduced from $411,000 to $399,000|
|Price Reduced from $421,000 to $411,000|
SWFL Properties, LLC.
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