INVESTMENT OPPORTUNITY WITH 4.26% CAP RATE

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1860 Boy Scout Drive, Unit 205, Fort Myers, FL 33907

Listing Description

Investment opportunity with credit Tenant.  In 2011, 21st Century Oncology combined three condo units and spent a significant amount of money to create a State of the Art Research Lab.  (If they vacate, they have to restore the unit to the original condition.)  The current NOI is $19,191 annually less the Special Assessment.  Annual renewable lease is being negotiated to a 5 Year Lease with Options.  The property is located in the Sunview Business Center on Boy Scout Drive, just west of US41. 

Additional Information:

Zoning:  CI (Commercial Intensive) City of Fort Myers
Association Fees:  $954.00 Quarterly
Special Assessment $523.93 Quarterly - For Roof Replacement (Ends December 2021)
Property Taxes:  $2,757.33 (2020)

 

Additional Information

Investment
$450,000
1984
1,800± SF Condo
11-45-24-P2-00100.2050

Additional Files

Agent Information

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Mark L. Morris

Email: mmorris@vipcommercial.com
Phone: (239) 489-3303
Cell Phone: (239) 671-2266

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