Updated Dec 10, 2024
United Refrigeration Leases 17235 Square Feet At 10898 Metro Parkway In Fort Myers
10898 Metro Parkway
Building Size
17,235 SF
Asset Type
Industrial
Closing
Dec 4, 2024
About this deal
AI
The property asset involved in this transaction is a 17,235-square-foot industrial space located at 10898 Metro Parkway in Fort Myers. The facility is part of a market showing activity in the industrial sector, facilitating business operations for its tenants.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10898 Metro Parkway
- Market: Fort Myers
- Landlord: Ebenhoeh U.S. Real Estate Holdings
- Tenant: Terence Snow - United Refrigeration
- Landlord's Representative: Enn Luthringer - CRE Consultants
- Tenant's Representative: Maddie Sawatzky - Colliers
- Move Planned: Q1 2024
- Renovations: Minor renovations planned
The deal involved key representatives from both sides, with Enn Luthringer from CRE Consultants representing the landlord and Maddie Sawatzky from Colliers representing the tenant. This transaction marks United Refrigeration's relocation from its previous location just over 2 miles away from the new site.
On the Map
Industrial
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Players
Fort Myers Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93