INDUSTRIAL PROPERTY SHOWCASE — FLEX CONDO PORTFOLIO OF 21 FLEX CONDOS

Fort Myers

Alico Commerce Court Portfolio | Alico Corridor Flex Portfolio | 21 Units | 31,732 SF | $9,527,700 ($300.26/SF)

Executive Summary

This is a portfolio sized to move markets. The Alico Commerce Court offering includes 21 flex condominium units within the Alico Enterprise Center — a professionally developed, sprinklered campus set along the high-demand Alico Corridor in Fort Myers. Priced at $9,527,700 for the package, the portfolio totals 31,732 square feet and trades at a 5.56% cap rate. Units are thoughtfully built for light industrial, showroom, and office-support uses: 80% warehouse / 20% office is the typical mix, with 20-foot building heights, 14’9″ clear span, and 14′ H x 12′ W overhead doors. Recent improvements to the campus (LED lighting, refreshed landscaping, exterior power wash) plus institutional features (3-phase power, exterior surveillance, full sprinklers, individually metered units) create a straightforward value-add opportunity for a buyer who can optimize rents and lease structure across a diversified small-bay product stack.

Why It Works / Investment Highlights

• Portfolio Scale, Local Focus — 21 individual units delivering diversified cash flow and concentrated management efficiency inside one campus.
• Below-Market Rents, Upside Potential — Current rents offer a value-add repositioning window; careful lease resets and targeted capital can materially lift returns within 12–24 months.
• Modern Small-Bay Specs — 20′ building height, 14’9″ clear span and 14′ x 12′ overhead doors fit the most active tenant profiles: light manufacturing, last-mile distribution, service contractors, and showroom users.
• Institutional Utility Package — Fully sprinklered buildings, 3-phase power capacity, exterior lighting and cameras reduce leasing friction and broaden tenant appeal.
• Strategic Alico Corridor Access — Immediate proximity to US-41 and I-75 plus nearby access to Southwest Florida International Airport and Florida Gulf Coast University makes the campus attractive to local and regional occupiers.
• Turnkey Campus Management — Individually metered units and professional common-area upkeep preserve NOI while enabling scalable repositioning.

Property Facts

• Offering: 21 condo units (portfolio sale). • Total Size (portfolio): 31,732 SF.
• Price: $9,527,700 ($300.26/SF). • Cap Rate: 5.56%
• Buildings / Campus: Part of the Alico Enterprise Center (5 buildings; the overall center contains 48 total condo units and ~78,750 SF).
• Unit Sizes (offered): range approximately from 1,250 SF to 2,000 SF per unit.
• Year Built: 2006–2008 (units built across that timeframe).
• Building Height: 20′ overall; clear span 14’9″. • Overhead Doors: 14′ H x 12′ W typical.
• Fire Protection: Fully sprinklered. • Power: 3-phase power available.
• Utilities / Metering: Individually metered units.
• Site Features: Exterior surveillance and LED exterior lighting; updated landscaping; exterior power wash completed. • Finished Floor Elevation: 17.5′ (site elevation noted).
• Condition: No reported hurricane damage; recent campus maintenance performed.
• Typical Unit Mix: ~80% warehouse / ~20% office.
• Sale Type: Investment (portfolio sale).
• Location Notes: Highly visible from Alico Road; situated between US-41 and I-75 in unincorporated Lee County; close to SWFL International Airport and Florida Gulf Coast University.

Strategic Angle

Picture a steady, diversified income stream built from small, functional industrial bays — each one an independently leasable engine that, when aggregated, becomes an institutional-scale asset. That is the core promise of this portfolio. Small-bay product sits at the nexus of local demand and nimble operations: contractors, specialty distributors, e-commerce assemblers, and service providers all prefer turn-key bays with modest office support and reliable loading. This portfolio answers that demand with units sized to match payroll, not waste it.

From a market perspective, the Alico Corridor is one of Southwest Florida’s commercial growth lanes. Proximity to the Southwest Florida International Airport concentrates freight and business travel; nearby higher-education and healthcare employers supply stable employment and tenant pools; and direct routing to I-75 and US-41 keeps last-mile economics sensible. That geography matters: it shortens trips, reduces operating cost per delivery, and improves tenant retention.

The investment story is equally simple: platform-level ownership simplifies management, and the portfolio’s current below-market rents open a realistic path to near-term yield enhancement. Improve leases selectively, refresh a handful of underperforming units, and you accelerate NOI while preserving downside protection from diversified unit counts. Buyers who can execute modest capex and lease-by-lease resets should expect both rental growth and a cleaner, market-ready asset for future sale or long-term hold.

Bottom Line

This is a rare chance to acquire a focused, scalable small-bay industrial portfolio in a growing Southwest Florida corridor. For $9.53M you buy 21 separately metered units totaling 31,732 SF with institutional utilities, modern loading geometry, and an obvious value-add plan. The play is straightforward: consolidate operations, execute targeted lease resets, and capture upside from strong local demand for compact, well-located industrial bays. If you want a hands-on, high-conviction industrial platform that converts operational muscle into predictable cashflow, this portfolio is built for that move. Act with intent — portfolios like this do not wait.

Links

Argossy International Properties
Fort Myers Economic Development Dept

Transportation Snapshot

• Cargo Air – Southwest Florida International Airport (RSW): ~12 miles
• Cargo Rail – Seminole Gulf Railway (regional freight service / interchange access in the Fort Myers area): ~6 miles (regional rail access points vary)
• Cargo Port – Port Tampa Bay (primary Gulf Coast container gateway accessible to Fort Myers): ~130 miles

Listing Courtesy of Alexis North, Justin Thibaut, LSI Companies