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12995 S Cleveland Ave
Fort Myers, FL 33907 Page Park

$26,500,000 USD

General Retail For Sale  •  41,479 SF

Property Details

• Property Type General Retail
• Total Building Size 130,718 SF
• Lot Size 2.83 AC
• Building Class C
• Year Built 1980
• Tenancy Multiple
• Zoning C-1

20 Transit Score

70 Walk Score

Highlights

Value-Add Opportunity: In-place rents average just $14.96 PSF, well below market rates, offering significant mark-to-market upside.

Short Lease Terms: 38% of GLA has no renewal options and WALT is just 2.4 years, enabling rapid rental growth and repositioning.

Strategic Vacancy: 88.5% occupancy with select office suites held vacant to support a comprehensive renovation strategy.

Renovation Upside: Renovations underway targeting office rents of $50+ PSF, driving meaningful NOI growth.

NNN Lease Structure: 76% of GLA leased on a NNN basis, minimizing landlord responsibilities and enhancing net cash flow.

Redevelopment Potential: Large ±130,718 SF center on ±8.72 acres offers substantial leasing flexibility and long-term redevelopment options.

Major Tenants

Tenant	SF Occupied	Lease End Date
Dress for Success of SWFL, Inc		3/2/2023
Eckankar Center		5/31/2024
Foot & Ankle Group of Southwest Florida, P.A.		3/3/2032
Freedom Insurance Center
LAN XANG-LAO THAI VIETNAMESE DIM SUM LLC		12/31/2034
Lee County Republican Executive Committee
Lee County Republican Executive Committee,Inc		5/1/2028
Millennium Physician Group
New World Fitness & Defense
OST, Inc.		4/3/2023

Amenities

• Atrium
• Bus Line
• Courtyard
• Food Court
• Pylon Sign
• Signage
• Balcony

Public Transportation

Airport	Drive	Walk	Distance
Southwest Florida International	18 min	-	9.1 mi
Punta Gorda	45 min	-	34.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	125
Type:	Surface
Included in Rent:	Yes