12100 Commerce Lakes Drive, Fort Myers, FL
The subject comprises five contiguous and non-contiguous tax parcels within the Westlinks Corporate Center, having a total land area of 21.5 acres. The parcels are improved with five flex and two office buildings (seven in total) of one-story design. The buildings are of tilt-up concrete and steel frame, and were constructed between 1997 and 2000. At the time of acquisition the property was 55% occupied. The property is leasing more rapidly than originally anticipated and at higher rates than previously projected. The buildings have a Gross Leasable Area (GLA) of 228,280 square feet, and are currently 83% occupied with 15 tenants. Key tenants include Staples, Red Bull, Florida Cancer Specialists, and the publicly traded Neogenomics. The office park is one and a half miles from Southwest Florida International Airport, which services 8 million passengers per year. This brings us to a total controlling position of 16 buildings, or 551,160 square feet.