2273-2275 Cranford Ave 13,600 SF Industrial Building Fort Myers, FL 33916 $2,900,000 ($213.24/SF) 6.60% Cap Rate

Industrial Sale-Leaseback Investment Opportunity | Latitude Tournament Boats (LTB)
Industrial Investment | Sale-Leaseback | Outdoor Storage | Opportunity Zone | Seller Financing Available
Rare opportunity to acquire a multi-building industrial investment portfolio with a sale-leaseback, excess industrial outdoor storage, and residential income.
The property is occupied by Latitude Tournament Boats (LTB), a fishing boat manufacturer that has been building high-performance tournament fishing boats since 2014. The offering includes two industrial warehouse/manufacturing facilities, approximately 15,000 SF of additional I-1 zoned land, and two income-producing duplex properties.
The combination of existing cash flow, industrial zoning, excess outdoor storage, and future redevelopment or repositioning potential creates multiple avenues for long-term value creation.
2725 Lafayette Street – Warehouse A
Building Size: ±7,237 SF
Year Built: 2009
Ceiling Height: 18’–20’
Construction: Metal
Power: 800A / 208V / 3-Phase Heavy Power
Sprinklered: Yes
Large Overhead Doors: 2
Parking Ratio: 2.30/1,000 SF
Land Area: ±1.03 Acres / ±1.38 Acres Total
Zoning: I-1 Industrial
Opportunity Zone: Yes
Tenant: Latitude Tournament Boats (LTB)
Sale-Leaseback: 3-Year Term
Lease Rate: $10,000/Month
2767–2781 Lafayette Street – Industrial Outdoor Storage / Vacant Lots
Two adjacent I-1 industrial-zoned lots totaling approximately 15,000 SF, consisting of approximately 7,500 SF per folio.
The additional land provides an attractive opportunity for industrial outdoor storage (IOS), equipment storage, boat storage, vehicle parking, material storage, or future industrial expansion, subject to applicable zoning and governmental approvals.
2737 Lafayette Street – Warehouse B
Building Size: ±4,000 SF
Year Built: 1990
Ceiling Height: 17’–20’
Construction: Metal
Power: 800A / 208V / 3-Phase Heavy Power
Sprinklered: Yes
Large Overhead Door: 1
Opportunity Zone: Yes
Sale-Leaseback: 4–5 Year Term
Lease Rate: $4,000/Month
2273–2283 Cranford Avenue – Two Duplex Properties
The offering also includes two income-producing residential duplex properties, providing additional diversified cash flow.
Year Built: 1956–1988
Duplex 1 Unit Mix: 2BR/1BA + 1BR/1BA
Duplex 2 Unit Mix: 1BR/1BA + 1BR/1BA
Combined Residential Income: $4,800/Month
Flood Zone: X
Investment Summary
Gross Income: $225,600/Year
Monthly Gross Income: $18,800
2024 Property Taxes: $22,068.17/Year
Insurance: Self-Insured by Current Ownership
Seller Financing: Available
This offering is well suited for an investor seeking an industrial sale-leaseback investment with existing income and multiple potential value-add components. The Latitude Tournament Boats leaseback provides immediate industrial cash flow, while the duplex properties generate supplemental residential income.
A key component of the opportunity is the approximately 15,000 SF of excess I-1 industrial-zoned land, offering potential for outdoor storage, additional rental income, expansion, or future redevelopment, subject to applicable approvals.
Investment Highlights: Industrial sale-leaseback • Latitude Tournament Boats • I-1 industrial zoning • ±11,237 SF of warehouse/manufacturing space • heavy 3-phase power • ±15,000 SF excess industrial land • outdoor storage potential • Opportunity Zone • residential income • value-add potential • seller financing available.