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16710 Gator Road

Hornig Capital Acquires Industrial Property In Fort Myers For $8.75M
SOLDIndustrial

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

Dan Shapiro

Kassin Sabbagh Realty

Broker

$105.1M

vol

11 deals

Broker

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