1342 Colonial Blvd Fort Myers 6 Office Properties in Fort Myers, FL

This 40,684 SF office and retail portfolio offers immediate in-place income with significant upside through lease-up and future condominium sales. The property currently generates approximately $240,000 in annual gross income, providing strong carry while the remaining space is leased.
Based on conservative lease-up assumptions of $22.50 PSF modified gross rents, the property has the potential to reach approximately $970,915 in gross income and an estimated $691,777 in stabilized NOI. At a 7% cap rate, this supports an estimated stabilized value near $9.9 million.
The property is being offered for $7,999,999 and includes approximately $600,000 in roof replacement escrow transferring to the buyer at closing, reducing the effective capital basis while addressing a major near-term capital expense.
Investors also benefit from multiple additional value-creation strategies, including the ability to sell individual office condos in the future, convert Building F into executive suites, or explore development or partial disposition of approximately one acre of excess land, subject to approvals.