Updated Sep 23, 2026
The Tesmer Family Sells Industrial Property At 18251 North Tamiami Trail For $1.7M
18251 North Tamiami Trail
$1,700,000
$212/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Dec 10, 2025
About this deal
AI
This transaction involved an industrial property located at 18251 North Tamiami Trail in North Fort Myers, FL. The asset comprises 8,000 square feet and was sold for a price of $1,700,000, equating to a price per square foot of $212.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 18251 North Tamiami Trail
- Market: North Fort Myers, FL
- Square Footage: 8,000
- Price Per Square Foot: $212
- Seller: The Tesmer Family
- Broker Representatives: Marc D. Smouha & Daniel Levin - Corepoint RE
CorePoint RE facilitated this off-market transaction, demonstrating their involvement in managing and executing the deal for The Tesmer Family. Marc D. Smouha and Daniel Levin represented the sellers in the transaction.
On the Map
$1,700,000
$212/SF
Industrial
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Players
North Fort Myers 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93