High-Yield Investment: Fully Leased Flex Space in Fort Myers
Perfect for 1031 Exchanges
Discover this prime investment opportunity: a fully leased, 1, 500 square foot industrial flex space in Fort Myers. Located in the sought-after ITEC Industrial Park on Alico Road, this property offers a secure and stable income stream.
Key Investment Highlights:
Guaranteed Income: A long-term tenant is already in place, providing a reliable and predictable income stream.
Prime Location: Benefit from the strategic location in the ITEC Industrial Park, offering excellent accessibility and visibility.
Tax Advantages: Ideal for a 1031 tax exchange, allowing you to defer capital gains taxes and reinvest in a like-kind property.
Hard Asset Investment: Invest in a tangible asset with the potential for long-term appreciation and value growth.
Expansion Opportunity: Maximize your investment potential by owning up to 10 additional leased units within the ITEC Industrial Park.
Don't miss out on this exceptional investment opportunity!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $378,000 | $378,000 | $378,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $250 | $250 | $250 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,579 | $2,512 | $3,215 |
Total Monthly Payment | $2,904 | $2,837 | $3,540 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.