EQT Exeter Acquires Industrial Property In Fort Myers For $92.5M
SOLD
$92,500,000
Florida
See Similar DealsIndustrial454,200 SF
Sold 03/13/2024
SOLD
EQT Exeter Acquires Industrial Property In Fort Myers For $92.5M
16770 Oriole Road
See Similar DealsIndustrial454,200 SF
Sold 03/13/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:454,200 SF
Transaction Type:Sale
The industrial property located at 16770 Oriole Road in Fort Myers has been sold in a recent transaction. The asset spans 454,200 square feet and was acquired for $92,500,000, translating to a price per square foot of $204.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $92,500,000
- Address: 16770 Oriole Road
- Market: Fort Myers
- Buyer: EQT Exeter
- Seller: McGarvey Development
- Brokers: Adam Palmer, CCIM, SIOR & Mike Doyle, CCIM - LQ Commercial Real Estate Services
Adam Palmer, CCIM, SIOR, and Mike Doyle, CCIM from LQ Commercial Real Estate Services facilitated the transaction as the brokers representing the buyer and seller in the industrial property deal at Oriole Road. The involvement of these experienced brokers ensured a successful conclusion to the real estate transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$328,632.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$438,497.19
Annual Debt Service$5,261,966.30
Is there something missing? Send suggestions