Description

Small bay industrial continues to be one of the most constrained and sought after asset classes in Florida. These functional spaces are the backbone of local business activity. This warehouse with a lot measuring 27,623 sq. ft. was purposely built to meet that demand. Rather than relying on a single occupant, the building is configured into five independent bays, each operating with its own infrastructure. This design creates multiple income streams, minimizes vacancy risk, and provides long term operational flexibility. The layout attracts true end users who run their businesses from the space, resulting in stronger retention and more consistent performance over time. With in place income of approximately $144,000 annually, the property offers immediate cash flow and is projected to deliver a cap rate of 10%, a compelling return compared to many industrial assets trading in significantly lower ranges. This positions the investment as both a strong yield play and a long term hold with continued upside as rental rates in the North Fort Myers market continue to rise. Each bay features 240 to 290 square feet of air conditioned office space, a private restroom, rear access door, and high ceilings suitable for equipment, storage, or light industrial use. The property is further enhanced by lift infrastructure designed to accommodate mechanical or equipment based operations, making it ideal for contractors, automotive or marine services, distribution users, and investors seeking stable multi tenant income.

Provided by Keller Williams Realty Premier Properties