INVESTMENT OPPORTUNITY | THE PINES EXECUTIVE SUITES | COLLEGE PARKWAY
8192 College Parkway, Fort Myers, FL 33919
SOLD! The Pines Executive Suites offers a total of 12,351± SF (square feet) of office rental space including the common areas. The suites range in size from 133± SF to 374± SF including a few combined units. The occupancy rate is approximated at 68% per an appraisal prepared in April of 2012 with a stabilized CAP rate of 9.5%.
The property is Bank Owned and aggressively priced at $69 PSF and is in an ideal and highly desirable location on College Parkway with easy access to all parts of Lee County and an average daily traffic count of 30,400 in 2011.
Property Group:
Investment
Year Built:
1984
Available Sq. Ft.:
(2) Buildings ~ Building A 6,174± SF; Building B 6,177± SF
Strap Number:
15-45-24-00-00014.006B
The surrounding area offers numerous medical, professional and banking services and is within walking distance of Edison State College. The area also provides convenient access for tenants to retail shopping and dining all within a mile of the Executive Suites.
Mark L. Morris
Email: mmorris@vipcommercial.com
Phone: (239) 489-3303
Cell Phone: (239) 671-2266