1560 Matthew Dr
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1560 Matthew Dr
3 Office Properties Offered at $649,000 in Fort Myers, FL
Investment Highlights
- Heart of Fort Myers professional center; easy access to Summerlin/Colonial/McGregor/US 41
- Surrounded by professional offices (medical, law, dentistry)
- Signalized Access onto Summerlin Rd & Boy Scout Dr
Executive Summary
Property: Three (3) Condo Units in Midtown Professional Centre
Location: Fort Myers, FL
Details:
Type: Professional Office Condos
Size: Varies per unit
Lease Type: Triple Net (NNN) at $12/SF
Investment Highlights:
Cap Rate: 6.72% (Proforma)
Value-Add Opportunity: Potential for increased rents upon lease renewals in 2025
Current Leases: Two of the three leases set to re-set in 2025, presenting potential for higher rental income
Discover a prime investment opportunity with these three professional office condos in the sought-after Midtown Professional Centre. With an advertised cap rate of 6.66% based on proforma, and lease re-sets at $12/SF triple net, this property offers a solid return on investment. Additionally, a value-add opportunity exists if higher rents are achieved when current leases reset in 2025.
Location: Fort Myers, FL
Details:
Type: Professional Office Condos
Size: Varies per unit
Lease Type: Triple Net (NNN) at $12/SF
Investment Highlights:
Cap Rate: 6.72% (Proforma)
Value-Add Opportunity: Potential for increased rents upon lease renewals in 2025
Current Leases: Two of the three leases set to re-set in 2025, presenting potential for higher rental income
Discover a prime investment opportunity with these three professional office condos in the sought-after Midtown Professional Centre. With an advertised cap rate of 6.66% based on proforma, and lease re-sets at $12/SF triple net, this property offers a solid return on investment. Additionally, a value-add opportunity exists if higher rents are achieved when current leases reset in 2025.
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$43,200
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $43,200 |
Property Facts
| Price | $649,000 | Status | Active |
| Price / SF | $170.79 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.66% | Total Building Size | 3,800 SF |
| Sale Type | Investment or Owner User |
| Price | $649,000 |
| Price / SF | $170.79 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 6.66% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 3,800 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 2
1560 Matthew Dr, 1st Floor - Unit C, Fort Myers, FL 33907 |
Office Condo | 1,000 SF | 1985 | - |
|
Building 2
1560 Matthew Dr, 1st Floor - Unit B, Fort Myers, FL 33907 |
Office Condo | 1,400 SF | 1985 | - |
|
Building 3
1560 Matthew Dr, 1st Floor - Unit E, Fort Myers, FL 33907 |
Office Condo | 1,400 SF | 1984 | - |
1 of 1
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Blake Bartholomew -
Bartholomew Realty, Inc.
1 of 3
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1560 Matthew Dr
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