Updated May 12, 2025
Capital Partners Secures $45 Million Construction Loan For Oriole Logistics In Fort Myers
16815 Oriole Road
$45,000,000
$101/SF
Building Size
442,000 SF
Asset Type
Industrial
Closing
Mar 14, 2025
About this deal
AI
Capital Partners has secured a $45 million construction loan to finance the development of a 442,000 square foot industrial property located at 16815 Oriole Road in Fort Myers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 16815 Oriole Road
- Market: Fort Myers
- Landlord: Capital Partners
- Brokers: Bill Mork, Joel Torborg & Mike Vannelli - CBRE
- Loan Type: Construction
Construction is scheduled to commence in April 2025, with the financing arranged by CBRE representatives Bill Mork, Joel Torborg, and Mike Vannelli.
On the Map
$45,000,000
$101/SF
Industrial
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Players
Fort Myers Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93