Listed by Sperry - Griffin Partners
$2,707,386
4066 and 4100 Evans Ave
Details
APN 364424P3013000190 and 200
Property Type Office
Sub Type Traditional Office
Square Footage 16,000
Net Rentable (SqFt) 11,891
Units 52
Cap Rate 7.00%
NOI $195,570
Occupancy 98%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.50%
Pro-Forma NOI $215,000
Price per SqFt $169
Broker Co-Op Yes
Class C
Year Built 1983
Year Renovated 2023
Buildings 2
Stories 1
Acreage 1.280
Zoning CI, CIty of Ft Myers
Parking Spaces 55 spaces
Parking per 1,000 SqFt 3.44
Investment Type Core+
Tenant Credit No Credit Rating
Office | 7.00% CAP | 16,000 SqFt
Marketing description
Sperry-Griffin Partners presents this excellent office multi-tenant investment opportunity in the heart of Ft Myers, Florida. The deal consists of two adjacent office buildings. The 4066 building is approximately 8035+- sf and consists of 26 units. The 4100 is approximately 8035+- sf, consisting of 26 units. Enjoy reduced risk with a large, diverse tenant base that includes massage therapists, locksmiths, administrative offices, beauty salons, and tax services, to name a few. Buildings are well-maintained with extensive CapEx repairs and improvements (see refurbishment details page). The owner has one on-site manager who handles leasing as well as simple repair work. Leases are both short-term and long-term (see rent roll).
All leases are gross; the owner pays taxes, insurance, and CAM. The 2024 adjusted NOI was $195,570. NOI for 2025 is projected to be between $210,000-215,000. Upside could include increasing rents and lease terms. Buildings include an interior courtyard type feel with maintained sidewalks and landscaping. The buildings have adequate parking with over 50 spaces in a newly resurfaced parking lot. If you are looking for office investments and protecting the downside by having multiple tenants in an easy-to-maintain ground-level property, this is it.
Located just off of Winkler Ave on Oak Ridge Ct in Ft Myers, Florida.
Investment highlights
- 16,000 +- SF Office Investment on Over 1.28 Acres
- Two Buildings 4066 (5885 sf) and 4100 (5954 sf)
- Prime Ft Myers location
- Multiple Tenants / 52 Units
Listing Contacts
Listed by Sperry - Griffin Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,570.00
$16,297.50/mo
Valuation Metrics
0
DSCR
7.22%
Cap Rate
7.22%
ROI
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