
6238 Presidential Court
CASH-FLOWING OFFICE WITH MARK-TO-MARKET UPSIDE
Marketing description
6238 PRESIDENTIAL COURT IS A WELL OCCUPIED AND INCOME PRODUCING OFFICE BUILDING located just off Summerlin Road in the heart of Fort Myers. The property features long standing tenants, strong historical occupancy, and excellent accessibility to College Parkway and US-41. Offered at $1,300,000, this asset produces a current NOI of $104,500, bringing in a current 8.04% Cap Rate. Existing rents are below market rates, creating a value-add opportunity through lease rollover and rent adjustments. At a conservative $20/sf rental rate, projected NOI supports a 10.57% stabilized Cap Rate offering a compelling upside for investors seeking both income and appreciation. The building benefits from rear elevation visibility from Summerlin Road, providing additional signage and branding potential. Ideal for investors pursuing 1031 Exchange placement or strategic yield enhancement in one of Fort Myers' most established office corridors.
Investment highlights
- Stabilized, Income-Producing Asset
- Strong Historical Occupancy
- Long-Standing Tenant Base
- Central Fort Myers Location
- High Traffic Exposure from Summerlin Road
- Desirable Suburban Office Submarket
- Established Professional Office Park
- Accessible to Major Roads (Summerlin Rd, College Pkwy, US-41)
- Potential Signage/Advertising Upside
- Attractive to 1031 Exchange Buyers
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