Seagate Development Sells Fort Myers Industrial Property For $8.1M
14550 Global Parkway, Fort Myers, Florida 33913, United States
$8,100,000
$152/SF
Building Size
53,000 SF
Asset Type
Industrial
Closing
Jan 22, 2022
AI
The industrial property located at 14550 Global Parkway in Fort Myers has been sold for a total price of $8,100,000. This property, with a size of 53,000 square feet, was sold by Seagate Development Group, represented by Matt Price. The buyer's representative in this transaction was Derek Bornhorst from Lee & Associates. The seller was represented by SW Management & Realty, LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,100,000
- Address: 14550 Global Parkway, Fort Myers
- Square Footage: 53,000
Matt Price, from Seagate Development Group, played a key role as the seller in this transaction. On the other hand, Derek Bornhorst, representing Lee & Associates, served as the buyer's representative. Their expertise and involvement were crucial in ensuring the successful completion of the deal.
Players
Fort Myers Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93