Pondella Professional Park
Medical Office Park| 9.2% CAP
Marketing description
Pondella Professional Park is undergoing a complete interior remodel to create
brand-new, modern medical office spaces. The property features three concrete block
buildings totaling 7,816 square feet on 1.62 acres, each offering two ADA-compliant
suites with private entrances, restrooms, and individual utilities. Tenants may select
their own interior finishes and layouts, or choose from professionally designed floor
models ready for review. All suites are fully customizable to accommodate a variety of
medical and professional uses. Located along high-traffic Pondella Road near US-41,
the site offers approximately 26,000 vehicles per day, ample parking, and excellent
visibility. Zoned C-2, the property supports medical, dental, therapy, and office users
seeking modern, flexible, and high-exposure space in a prime North Fort Myers
corridor.
Investment highlights
- Value-Add Medical Office Investment – Positioned for lease-up and strong NOI growth in a high-demand healthcare corridor
- Attractive Basis at ~$217/SF – Competitive pricing relative to replacement cost for concrete block construction
- Three-Building Campus (±7,816 SF) – Flexible multi-tenant layout with six (6) units ideal for diversified income
- Lease-Up & Rent Growth Upside – Target medical/office rents of $22–$28/SF, supporting strong income potential
- Projected Stabilized Cap Rate ~8.5%–10.5% – Compelling yield for private investors upon full occupancy
- Prime Visibility on Pondella Rd – High traffic counts and strong frontage enhance tenant demand and signage exposure
- Strategic Location in North Fort Myers – Minutes to Cape Coral and Fort Myers with access to US-41 (Tamiami Trail)
- Mid-Redevelopment Opportunity – Ability to complete renovations to modern medical/office standards and drive rental premiums
- Owner-User or Investor Flexibility – Occupy one building while leasing remaining units for income
- Condo Conversion Potential – Ability to sell individual units/buildings for premium exit strategy
- Strong Demographics & Growth Corridor – Surrounded by dense residential population and expanding commercial development
- Ample Parking & Accessibility – Critical infrastructure for medical and professional office tenants
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