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.
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