1342 Colonial Blvd
Fort Myers, FL 33907
1342 Colonial Blvd Fort Myers · Office Property For Sale · 71,206 SF Total

This 40,684 SF office and retail portfolio generates in-place income today while offering a clearly defined, two-year lease-up path to stabilization. Current gross income of approximately $240,000 annually provides carry and downside protection during the lease-up period, while final underwriting supports a stabilized Year 1 Net Operating Income of approximately $691,777.
Lease-up assumptions are based on $22.50 PSF modified gross rents, which remain conservative relative to prevailing market conditions when viewed on an all-in occupancy cost basis. Upon stabilization, the property supports a projected Potential Gross Income of $970,915 and an implied stabilized value of approximately $9.9 million at a 7.0% exit cap rate, excluding any additional upside strategies.
When discounted for lease-up timing and execution risk, the lease-up alone supports a present value range of approximately $7.6 million to $7.9 million. The contract price of $7,999,999, combined with approximately $600,000 in roof replacement escrow transferring to the buyer at closing, results in a reduced effective net capital basis while removing near-term capital expenditure risk during stabilization.
Additional upside opportunities are optional and include the potential conversion of Building F into executive suites, as well as future development or partial disposition of the ±1 acre excess land, subject to survey, municipal approvals, and market conditions.