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2273-2275 Cranford Ave 7,306 SF Industrial Building Fort Myers, FL 33916 $2,900,000 ($396.93/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Free Standing Warehouses
- Excess Land for Development or Storage
- Solid Credit Tenant (LTB Boats)
- Outdoor Storage
- (2) Duplexes as upside or cashflow
EXECUTIVE SUMMARY
SALE LEASE-BACK
LATITUDE TOURNAMENT BOATS (LTB)
Since 2014 Building the Nation's top Fishing boats
WAREHOUSE A: 2725 LAFAYETTE ST.
RBA: +-7,237 SF.
Year Built: 2009
18'-20' Ceiling Height
Construction: MetalPower: 800a/208v 3p Heavy
Sprinklers: Yes
Opportunity Zone: Yes
Large Overhead Doors: (2)
Parking: 2.30/1000
Land Acres: 1.03 AC. (1.38 AC. Total)
Zoning: I-1
Sale Leaseback: 3 Yr. TermRate: $10,000/month
Tenant: Latitude Tournament Boats (LTB)
VACANT LOTS: (2) - 2767-2781 LAFAYETTE ST.
Zoning: I-1(Industrial)Lot size: 7,500 SF. (per folio)Total size: 15,000 SF.Ideal for excess outdoor storage.
WAREHOUSE B: 2737 LAFAYETTE ST.
RBA: +- 4,000 SF.Year Built: 199017'-20' Ceiling HeightConstruction: MetalPower: 800a/208v 3p HeavySprinklers: YesOpportunity Zone: YesLarge Overhead Doors (1)Sale Leaseback: 4-5 Yr. TermMonthly: $4,000/month
DUPLEXES: (2)2273-2283 Cranford Ave. Built: 1956-1988Unit mix: 2/1 + 1/1Unit mix: 1/1 + 1/1Total Income: $4,800/month Flood Zone: X
Gross Income:
$225,600/Yr., or $18,800/month
Property Taxes: $22,068.17/Yr. (2024)
Insurance: Self Insured
(Seller Finance Available)
Ideal for an investor looking for a return with potential upside on the duplexes, as well as the excess 15,000 SF., industrial yard for storage.
LATITUDE TOURNAMENT BOATS (LTB)
Since 2014 Building the Nation's top Fishing boats
WAREHOUSE A: 2725 LAFAYETTE ST.
RBA: +-7,237 SF.
Year Built: 2009
18'-20' Ceiling Height
Construction: MetalPower: 800a/208v 3p Heavy
Sprinklers: Yes
Opportunity Zone: Yes
Large Overhead Doors: (2)
Parking: 2.30/1000
Land Acres: 1.03 AC. (1.38 AC. Total)
Zoning: I-1
Sale Leaseback: 3 Yr. TermRate: $10,000/month
Tenant: Latitude Tournament Boats (LTB)
VACANT LOTS: (2) - 2767-2781 LAFAYETTE ST.
Zoning: I-1(Industrial)Lot size: 7,500 SF. (per folio)Total size: 15,000 SF.Ideal for excess outdoor storage.
WAREHOUSE B: 2737 LAFAYETTE ST.
RBA: +- 4,000 SF.Year Built: 199017'-20' Ceiling HeightConstruction: MetalPower: 800a/208v 3p HeavySprinklers: YesOpportunity Zone: YesLarge Overhead Doors (1)Sale Leaseback: 4-5 Yr. TermMonthly: $4,000/month
DUPLEXES: (2)2273-2283 Cranford Ave. Built: 1956-1988Unit mix: 2/1 + 1/1Unit mix: 1/1 + 1/1Total Income: $4,800/month Flood Zone: X
Gross Income:
$225,600/Yr., or $18,800/month
Property Taxes: $22,068.17/Yr. (2024)
Insurance: Self Insured
(Seller Finance Available)
Ideal for an investor looking for a return with potential upside on the duplexes, as well as the excess 15,000 SF., industrial yard for storage.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Courtyard
- Front Loading
- Shallow Bay
- Storage Space
- On-Site Power Generation
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Latitude Boats
- Manufacturing
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Latitude Boats | Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 24-44-24-P2-02900.0250 | Total Assessment | $1,132,479 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
24-44-24-P2-02900.0250
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,132,479 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2273-2275 Cranford Ave
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