8% Cap Rate Potential - Income Producing Office Building
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Great Opportunity!
6238 Presidential Court is a well occupied and income producing office building located just off Summerlin Road in the heart of Fort Myers, FL. The property features long standing tenants, strong historical occupancy, and excellent accessibility to College Parkway and US-41.
This asset produces a current NOI of $92,800, bringing in a current 6.08% 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 8.24% stabilized cap rate offering a compelling upside for investors seeking both income and appreciation.
The building benefits from real 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 the Fort Myers’ most established office corridors.
This asset produces a current NOI of $92,800, bringing in a current 6.08% 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 8.24% stabilized cap rate offering a compelling upside for investors seeking both income and appreciation.
The building benefits from real 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 the Fort Myers’ most established office corridors.
Listing Info
- ID:
- 2480838
- Listing Views:
- 151
Business Location
Listing ID: 2480838 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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