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3900 Broadway - 4 Buildings 4 Office Properties Offered at $3,400,000 in Fort Myers, FL
Investment Highlights
- Well kept and well run buildings.
- Selling for below appraised value
- Large amount of parking - great for tenants and lowers costs on landscaping
Executive Summary
Incredible opportunity to own 4 office buildings in the heart of Ft Myers. Self managed, easy to operate with all tenants on long term leases. Recent rate increases this year has taken this asset from a 5 CAP to a 9 CAP! Ability to add on 4 additional stories, per local zoning laws. 240 Ft of Broadway frontage!! Landscaping only $500/month and the irrigation comes from a well, which is VERY rare for the area. (Grandfathered in). Over 100 parking spaces, plenty of room for food trucks, merchandise sales, over flow guests, and more. 1 Building entirely leased by a medical center. other buildings' tenants include HVAC techs, classrooms, beauty salons, massage/physical therapy professionals, doctors, chiropractors, and even a non-profit/Church! Owner takes care of exterior electricity (roughly $160/month). Leases are not Triple Net. Very loyal tenants on property, hardly ever vacancies.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,400,000 | Number of Properties | 4 |
| Price / SF | $133.49 / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 25,470 SF |
| Sale Type | Investment | Total Land Area | 10.99 AC |
| Status | Active |
| Price | $3,400,000 |
| Price / SF | $133.49 / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 25,470 SF |
| Total Land Area | 10.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
1
3900 Broadway, Fort Myers, FL 33901 |
Office | 10,412 SF | 1973 | - |
|
3
3900 Broadway, Fort Myers, FL 33901 |
Office | 7,060 SF | 1973 | - |
|
2
3900 Broadway, Fort Myers, FL 33901 |
Office | 4,714 SF | 1973 | - |
|
4
3900 Broadway, Fort Myers, FL 33901 |
Office | 3,284 SF | 1973 | - |
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Cachon Realty Group
3900 Broadway - 4 Buildings
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