Office for Sale in Fort Myers, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Fort Myers, FL 33912
  • Year built: 2011

Description

Stable Remaining Term with Annual Growth Lease Features 3% Annual Rental Increases Throughout Term Absolute Triple Net Lease Structure Tenant Fully Responsible for All Expenses Relating to the Property with Ability to Collect Reimbursement for Management Purpose Designed Construction Designed and Constructed by Southwest Florida Eye Care to Accommodate their Specific Needs Significant Growth within Eye Care The Eye Care Industry is Experiencing Robust Growth, with U.S. Market Value Projected to Reach $33.40 Billion by 2028 Growth is Driven by an Aging Population, Increased Digital Screen Usage, and High Demand for Specialized Services 1 Mile Away from Lee Gulf Coast Hospital As the Largest Hospital in the Lee Health System, Gulf Coast Medical Center Houses a Level II Trauma Center, the Neuroscience Institute, Orthopedic, Oncology and Cardiology Services, and Much More An Accredited, Comprehensive Stroke Center Features Minimally Invasive Catheter Procedures to Treat Stroke Patients Since 2017, Gulf Coast Medical Center has Undergone an Extensive Expansion, Adding Three Stories and 268 Patient Beds, Including Additional ICU Beds and an Inpatient Unit for Cancer Care Rapid Growth in the Fort Myers MSA Sustained Growth Rate: The City of Fort Myers has Seen its Population Increase by Roughly 16.7% Since the 2020 Census, with Current Annual Growth Estimated at Approximately 3.06% National Ranking: Lee County, Which Makes up the Fort Myers MSA, has Recently Ranked as the Ninth Fastest Growing County in the United States, Driven Largely by High Rates of Inbound Migration Future Projections: Local Planners Expect the City’s Population to Surpass 115,000 Residents by 2030, Necessitating Major Infrastructure Projects Such as New Healthcare Facilities and Expanded Transportation Hubs to Keep Pace Investment Highlights: • Stable Remaining Term with Annual Growth Lease Features 3% Annual Rental Increases Throughout Term • Absolute Triple Net Lease Structure Tenant Fully Respon

Market Context

This office in Fort Myers, FL is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2011. It has been on the market for 53 days. Compare it against other office listings for sale in Fort Myers, FL — <a href="/search/sale/office/florida/fort-myers">view the full market</a>.

As of Q4 2023, the Fort Myers / Naples office market showed rents up 5.8% year over year. Source: Consensus Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Unified Estimate

Low Confidence

$423.62/SF – $573.14/SF

Mid: $498.38/SF

Rate estimator only; cost-of-business estimate unavailable.

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