3650 Colonial Ct - Colonial Court Higher Education Facility
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3650 Colonial Ct - Colonial Court Higher Education Facility
60,305 SF Specialty Building Offered at $23,000,000 at a 6.76% Cap Rate in Fort Myers, FL 33913
Investment Highlights
- Cash flowing NNN lease with a “Credit Tenant” in place.
- Highly specialized build out in place specifically catered to medical training and learning
- The property is being sold well below replacement cost value.
- Prime location near the I-75 and the Colonial Blvd interchange offering maximum exposure and easy access
- Exceptionally durable construction with top-tier finishes and upgrades.
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 includes 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 the 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.
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
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 includes 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 the 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.
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
Property Facts Under Contract
| Price | $23,000,000 | Lot Size | 4.07 AC |
| Price Per SF | $381 | Building Size | 60,305 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 6.76% | Year Built | 2008 |
| Property Type | Specialty | Parking Ratio | 4.48/1,000 SF |
| Property Subtype | Schools | Cross Streets | I-75 |
| Building Class | B |
| Price | $23,000,000 |
| Price Per SF | $381 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 4.07 AC |
| Building Size | 60,305 SF |
| No. Stories | 4 |
| Year Built | 2008 |
| Parking Ratio | 4.48/1,000 SF |
| Cross Streets | I-75 |
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 34-44-25-P1-02800.0050 | Improvements Assessment | $4,021,184 |
| Land Assessment | $3,545,784 | Total Assessment | $7,693,907 |
PROPERTY TAXES
Parcel Number
34-44-25-P1-02800.0050
Land Assessment
$3,545,784
Improvements Assessment
$4,021,184
Total Assessment
$7,693,907
zoning
| Zoning Code | Commercial General |
| Commercial General |
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Hunter Ward -
Power Broker Justin Thibaut -
LSI Companies, Inc.
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3650 Colonial Ct - Colonial Court Higher Education Facility
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