Active

16350 Innovation LN

Fort Myers FL, 33913

$5,299,950


$256.46 per sqft

Active

20,666 sqft

Commercial

Built in 2022

"Value-Add Opportunity: Flex Space in High-Growth Fort Myers"

16350 Innovation Lane, Fort Myers, FL 33913

Unlock Significant Value with this Underutilized Flex Space

This 20,666 square foot flex-style warehouse presents an exciting value-add investment opportunity in the dynamic Fort Myers market. Currently 50% leased, this property offers a prime chance to increase income through strategic leasing efforts.

Key Investment Highlights:

Significant Upside Potential: Lease up 50% of vacant space to significantly increase cash flow.
Strong Market Fundamentals: Benefit from Fort Myers' robust economic growth and increasing demand for industrial space.
Value-Add Potential: Implement improvements to enhance tenant appeal and further increase rental income.
Attractive Financial Projections:
Projected Cap Rate: 6.7% (current)
Estimated Cap Rate (post-improvements): 7.45%
Prime Location: Located in a desirable area with excellent access to major transportation routes.

#FortMyersInvestment #FlexSpace #IndustrialProperty #ValueAdd #InvestmentOpportunity #CommercialRealEstate #RealEstateInvestment #FloridaRealEstate #HighGrowthMarket #CapRate

224086054

MLS ID

October 25, 2024

Listed

December 31, 2024

Updated

Map

16350 Innovation LN
Fort Myers FL, 33913

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Heating

Yes

Exterior/Building Features

Lot Size

0.47 Acres

Other Property Details

Area Name

FM20 - Fort Myers Area


Taxes

$7,811


Tax Frequency

Annually


Days on Market

67


Garage

No


View

No


County

Lee


Pool

No

Listing History

Date

Event

Price

12/10/2024

Price change

$5,299,950

-2%

Listed by David Bartley, Sr, Bartley Realty LLLP

Listing Contact: 239-784-3283 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brian K. Rigsby shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:50 PM UTC, 12/31/2024

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