1605 HENDRY STREET FORT MYERS, FL 33901 WWW.FISCHLERCO.COM FOR INFORMATION CONTACT: Phil Fischler 239.895.1060 pjf@fischlerco.com No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, future changes in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller. Lease Rate: $10.00 SF/Yr. (NNN) Building Size: 5,000 SF Estimated Expenses $1.20/SF/Yr. Available: Sept. 1, 2019 Lot Size: Approx. 0.75 Acres Office / Warehouse Ratio: 25% - 75% Year Built: 2007 Zoning: CG - Commercial General Submarket: South Fort Myers / Alico / San Carlos OFFERING SUMMARY PROPERTY OVERVIEW Flex-Industrial space located in the desirable Alico Road corridor with quick access to both I-75 and US41. Originally built in 2007, this property includes a generous rear yard for storage, materials and equipment. The site is fenced and secure, shielded by dense vegetation on 3-sides. Call for appointment. Do not approach tenant. 17470 B JEAN STREET, FORT MYERS, FL 33967 ALICO ROAD - FLEX / INDUSTRIAL FOR LEASE
No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Lease Rate: $10.00 SF/Yr. (NNN)
Building Size: 5,000 SF
Estimated Expenses $1.20/SF/Yr.
Available: Sept. 1, 2019
Lot Size: Approx. 0.75 Acres
Office / Warehouse Ratio: 25% - 75%
Year Built: 2007
Zoning: CG - CommercialGeneral
Submarket: South Fort Myers /Alico / San Carlos
OFFERING SUMMARY PROPERTY OVERVIEW
Flex-Industrial space located in the desirable Alico Road corridor with quick access toboth I-75 and US41. Originally built in 2007, this property includes a generous rearyard for storage, materials and equipment. The site is fenced and secure, shielded bydense vegetation on 3-sides. Call for appointment. Do not approach tenant.
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Aerial looking South
Overhead aerial
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Entrance to office Warehouse area
Lobby entrance Kitchen and break area
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Floor Plan
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Site Plan
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
LEASE RATE $10.00 SF/YR NNN
LOCATION INFORMATION
Street Address 17470 B Jean Street
Building Location South Side
City, State, Zip Fort Myers, FL 33967
County Lee
Market Southwest Florida
Sub-market South Fort Myers / Alico / SanCarlos
BUILDING INFORMATION
Available 9-1-19
Tenancy Single
Structure Type Composite, Steel and Masonry
Total Bldg SF 5,000
Office SF 1,250
Warehouse SF 3,750
Mezzanine SF N/A
Office / Warehouse Ratio 25% / 75%
Year Built 2007
Free Standing Yes
Number Of At-Grade Roll UpDoors 3
Dock High Roll Up Doors None
Coiling Door Clear Height 14 ft
Warehouse Ceiling ClearHeight +/-15 ft
Warehouse Space Width +/-50 ft
Warehouse Space Depth +/-75 ft
Roof Type Metal
PROPERTY INFORMATION
Property Subtype Flex
APN # STRAP:08-46-25-00-00003.001A
Folio ID 10263138
Lot Frontage 95 ft
Lot Depth 300 ft
Corner Property Yes
Property Association No
Jurisdiction Lee County
Zoning District CG - Commercial General
Future Land UseDesignation
Industrial
PARKING & TRANSPORTATION
Parking Type Surface
Number Of Parking Spaces 11
UTILITIES & AMENITIES
Central HVAC Yes
Power Capacity 200A, 120/240 single phase
Power Provider FPL
Water Provider Lee County
Irrigation Private
Phone Provider Comcast
Internet Provider Comcast
LEASE TERMS AND CONDITIONS
PreferredLease Term
5-years with 2, 2-Yr Extensions
Deposit Three Month's Rent (First, Last and Security) plusExpenses. Due upon Lease Execution.
LeaseAgreement
Landlord's Form
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
LOCAL ECONOMY
Fort Myers continues to ride a wave a strong population and job growth,correlating with a robust leisure and hospitality industry. The leisure andhospitality sector still accounts for an outsized portion of the entireeconomy at roughly 15%.Education and health services also account for alarge segment of the economy. This industry has performed well in recentyears as an older demographic moving to the metro have increasinglydemanded more medical services. Outside of government employers, topemployers include Lee Memorial Health System and Fort Myers-basedChico’s FAS at 10,900 and 1,600 employees respectively.Those age 65 andover have drastically increased in the metro, expanding by almost 40% since2010. As such, the Lee Heath board of directors approved a $306 millionexpansion for the Gulf Coast Medical Center. The project will add nearly370,000 SF and over 250 additional beds to the facility and is expected tobring in both temporary construction jobs and long-term healthcare jobgrowth to the Fort Myers area. The expansion began construction inmid-2018 and is expected to complete by 2021.Strong demographic factorsand a business-friendly environment have landed Fort Myers a handful ofjob expansions in recent years. While based in Connecticut, research andadvisory firm-Gartner, Inc. has its second largest location in Fort Myers with1,200 employees. Gartner, Inc. is looking to expand their workforce by 900employees by 2022 in a new campus. While the first phase delivered in May2019, the second phase of expansion is under construction and expected toopen in late 2019. Additionally, in a move perhaps reflective of Fort Myers'overall appeal, Hertz moved its global headquarters to Estero in October2015, bringing about 650 jobs to the metro. Since opening its doors in 1997,Florida Gulf Coast University (FGCU) has increasingly grown both inenrollment and its economic presence in Southwest Florida. Located in SEFort Myers, the enrollment has grown to just over 15,000 students, and theuniversity has become well-known for its environmental forensics program.FGCU also is the ninth-largest employer in Fort Myers with over 4,200employees. The university has a significant impact, not just on Fort Myersbut also nearby metros, as nearly 60% of FGCU alumni remain in SW Floridaupon graduation. The metro is served by the regions’ signature airport,Southwest Florida International Airport, which serves over nine millionpassengers a year. Fort Myers’ port, Boca Grande, does not see muchshipping activity and has lost most of its traffic to nearby Tampa. Severalmajor state highways crisscross the metro, with Tamiami Trial as Fort Myers’main north-south arterial highway. Interstate 75 connects the metro toTampa and nearby Naples. Outside of Tamiami Trial, I-75 is the only otherhighway that connects Southwest Florida to the Miami metropolitanarea. Source Costar July 2019
RENT TRENDS
Fueled by consistent demand and a relatively tight vacancy rate, Fort Myershas seen record-setting levels of annual rent growth over recent years.Strong fundamentals are expected to continue, despite some speculativeconstruction recently delivering for the first time this cycle. Supported bysolid demand, annual rent gains should remain elevated for the foreseeablefuture, at least until speculative construction significantly increases. As theprimary industrial market in Southwest Florida, Fort Myers sets the pace forboth Naples and Punta Gorda. Historically, both of the latter two marketstend to have annual industrial rent growth that moves in parallel with FortMyers. Source CostarJuly 2019.
LEASING AND VACANCY
Vacancies have compressed to tight levels throughout much of the cycle,despite a slight rise in recent quarters. Even with the first speculativelogistics building delivering in 2017, vacancies remain well below themetro's historical average. The industrial sector in Fort Myers has beenthriving throughout much of the recovery period. The bulk of the recentdemand has been driven by one of the strongest population growth rates inthe nation and the increased retail demand this brings. The metro’shistorically quiet industrial market was previously influenced by its relativelack of intermodal transportation and distance from other large metros.However, in the past few years, the population and residential buildinggrowth in Fort Myers, along with the rise of e-commerce and last-miledelivery, have kicked off an emergence of logistics demand. Given that thesetrends are expected to continue going forward, it is unlikely Fort Myers willsee a lessening in demand growth. The majority of historical lease activityhad been confined to less than 10,000 SF, but the number of firms needinglarge blocks is increasing rapidly. Recently, both Eastern Metal Supply Inc.and FedEx have added build-to-suit properties over 150,000 SF due to thelack of available existing space.
In 2018, Fort Myers saw a historic volume of sales, including the metro'slargest individual sale, that of the recently constructed FedEx PackagingCenter for a record $21 million. While not known as an industrial hub, FortMyers maintains a particularly significant and thriving logistics market inSouthwest Florida. Driven in large part by strong population growth, themetro has seen an increase in demand for wholesale and retail product. Thishas propelled the trade and warehouse sector job growth, which in turnfueled industrial space demand. A corresponding muted constructionpipeline throughout much of the expansion has helped drive vacancy levelsto record lows and pushed rent growth to record highs. Source Costar July2019.
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 6,864 34,730 69,753
Median age 38.3 42.6 48.5
Median age (Male) 36.3 41.3 47.8
Median age (Female) 37.4 42.3 48.4
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,394 13,344 29,814
# of persons per HH 2.9 2.6 2.3
Average HH income $67,811 $78,006 $79,582
Average house value $218,877 $257,436 $288,966
* Demographic data derived from 2010 US Census
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No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.
Phil is trusted by prominent U.S. and international companies with the investment in and development of high-profile mixed-use, multi-familyand commercial properties from Montana to South Florida. Clients turn to him for his integrity, creativity, versatility and wide-rangingexperience spanning engineering to real estate brokerage to bank advisement. With an uncanny ability to recognize opportunities and predictreal estate trends, Phil’s resourcefulness inspires action and delivers results. Highly regarded for honoring commitments and achieving goals,he has a track record to back up his reputation. In 2009, Phil founded Fischler Property Company with a mission to build a legacy throughinspiring investment in and restoration of Florida while helping to positively shape its inevitable growth. A third-generation Floridian, Philgraduated from Florida State University with degrees in civil engineering and mathematics. He then joined the national engineering firmKimley-Horn, where he led one of the firm’s highest-producing divisions, was among the youngest shareholders, and launched the acclaimedLand Development University, an intensive internal training program that developed the firm’s young talent. While there, he spearheadedsubstantial growth for numerous household names including Costco, Target, Lincoln Property Company and Regency Centers. Prior tostarting his own firm, Phil served as Vice President of Development for North American Properties-Southeast, where he helped developClass-A, Publix-anchored shopping centers across Florida. Phil earned the prestigious CCIM (Certified Commercial Investment Member)designation, is a member of the International Council of Shopping Centers (ICSC) and Urban Land Institute (ULI), a U.S. Green BuildingCouncil LEED Accredited Professional, a licensed real estate broker in Florida, and a licensed professional engineer in Texas and Florida. Hehas been involved in over 10 million square feet of commercial real estate development with an investment value over $1.3 billion. Phil paidhis way through college by working as a waiter in fine-dining restaurants, where on slow nights he often landed in the kitchen andsubsequently learned to cook French and Italian cuisine, a skill he credits for the success of his marriage to his wife, Angela. Comesummertime, they can be found alongside their daughter-and-son twins exploring America’s greatest cities and national parks. Otherwise,you’ll find Phil decompressing while sport fishing or enjoying the outdoors. He’s a Coastal Conservation Association Life Member, as well as anactive supporter of the United Way and various youth athletic programs and has served in leadership roles at New Hope Presbyterian Church.
EDUCATION
Florida State University, Bachelor of Science Civil Engineering and MathematicsLicensed Real Estate Broker - FloridaLicensed Professional Engineer - Florida and TexasCCIM Designee
MEMBERSHIPS
Leadership, New Hope Presbyterian ChurchMember, International Council of Shopping Centers (ICSC)Designee, Certified Commercial Investment Member (CCIM)Life Member, Coastal Conservation AssociationKeel Club Member, United Way
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