Hornig Capital Acquires Industrial Property In Fort Myers For $8.75M
16710 Gator Road
$8,750,000
$128/SF
Building Size
68,000 SF
Asset Type
Industrial
Closing
Jan 31, 2023
AI
An industrial property located at 16710 Gator Road in Fort Myers has been sold for a price of $8,750,000. The property spans approximately 68,000 square feet, resulting in a price per square foot of $129. The transaction took place on January 31, 2023. The buyer for this deal was Hornig Capital, while the seller was Fusion Industries. The brokers involved in the transaction were Dan Shapiro and Matthew Giraldi from KSR.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $8,750,000
- Square Footage: 68,000
- Price per Square Foot: $129
- Address: 16710 Gator Road, Fort Myers
- Market: Fort Myers
Dan Shapiro and Matthew Giraldi, representing KSR, played a key role in facilitating the transaction between Hornig Capital and Fusion Industries. Their expertise and negotiation skills ensured a successful deal for both parties involved.
Players
Market 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93