MARKET AREA OVERVIEW

Each of the six portfolios (14 properties) is located within the area generally described as the Metro Industrial Park. This area is comprised of a series of light industrial subdivisions located between Colonial Boulevard to the north; Daniels Parkway to the south; the Ten Mile Canal to the west; and Plantation Road to the east.

THE OPPORTUNITY

The Dunnuck & Atkinson Team at CB Richard Ellis is pleased to offer for bid to qualified investors a total of 14 industrial (office/showroom/warehouse) buildings through six portfolio groupings. All of these properties are ideally located within the Metro Industrial Park in central Fort Myers. Of the 14 buildings, 13 are 100% leased to quality tenants and the remaining building, a very well situated property on Metro Parkway, is vacant and represents an ideal opportunity for an owner/user or could easily be leased.

THE INVESTMENT CASE

Each of the 14 buildings has been well designed and is ideally constructed for the type tenants that locate within the Metro Industrial Park. All of the properties were built in the time frame between 1989 and 2001 and have been professionally maintained and are in excellent condition.

  • Strong cash-flow through triple net leases
  • Limited near term tenant roll with staggered expiration dates
  • High tenant retention on lease renewals
  • Properties are within close proximity of one another
  • Ideal 1031 investment opportunities

With their high occupancy level, these properties offer prospective buyers strong stable cash flow through sound triple net leases. Individually, each of these properties represents aquality investment opportunity, but as a portfolio (or six miniportfolios) these investments represent a diverse cash-flow while maintaining the economies of scale associated with the buildings
close proximity to one another.

Metro Industrial Park is central to both airports serving the Ft. Myers area, major highway and rail systems, businesses and the area’s bedroom communities. Furthermore, the park is a mere three miles south of downtown Ft. Myers, four miles east of Cape Coral, and three miles west of I-75, which provides quick linkage to cities both north and south.

Colonial Boulevard, the parks northerly boundary, is the area’s most siginificant east-west arterial along with Daniel’s Parkway affords easy access to and from the park. Given its locational advantages, well designed master plan, and easy accessibility, Metro Industrial Park has earned its reputation as the address of choice for the light industrial user.
 

STRONG MARKET FUNDAMENTALS

It’s widely accepted that SW Florida in general and the Ft. Myers market in particular are experiencing robust market fundamentals including rapid population growth, an employment growth rate well in excess of the national average, and ever increasing real estate appreciation rates.

Ft. Myers’ driving forces continue to be retail trade, construction, and the service industry and each of these sectors has been on an upward trend for the past three years. Fueled by the rapidly increasing population, this pace is anticipated to continue into the foreseeable future.
 

Viewed as a whole, the market fundamentals are quite positive and have resulted in a ‘recession proof’ market environment.
Obviously, this bodes well for the long term success of the six portfolio offerings.