Updated Jul 27, 2026
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
About this deal
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.
On the Map
$3,700,000
$162/SF
Industrial
View full map
Players
Fort Myers Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc D. Smouha to view all their deals.
Browse Fort Myers industrial sales on Traded.
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