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12090 Metro Parkway

Bay Street Purchases Industrial Property From Al Mueller For $3.7 Million In Fort Myers
SOLDIndustrial

Bay Street Purchases Industrial Property From Al Mueller For $3.7 Million In Fort Myers

12090 Metro Parkway

$3,700,000

$162/SF

Building Size

22,800 SF

Asset Type

Industrial

Closing

Jul 15, 2026

AI

This transaction involves an industrial property located at 12090 Metro Parkway in Fort Myers, Florida. The sale price of the property is $3,700,000, with a total square footage of 22,800, resulting in a price per square foot of $162.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,700,000
  • Square Footage: 22,800
  • Price per Square Foot: $162
  • Buyer: Bay Street
  • Seller: Al Mueller
  • Brokers: Marc D. Smouha & Martin Cohen - Corepoint RE
  • Market: Fort Myers
  • Sale Date: 07/15/2026

Marc D. Smouha and Martin Cohen from Corepoint RE represented the parties in this transaction. CorePoint RE has expressed enthusiasm about the completion of this industrial deal in Fort Myers, indicating their active presence in the nationwide market.

Players

Marc D. Smouha

Corepoint RE

Broker

$292.4M

vol

39 deals

Broker
BC
Bay Street CapitalBuyer

Fort Myers Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93