The Tesmer Family Sells Industrial Property At 18251 North Tamiami Trail For $1.7M
SOLD
Florida
See Similar DealsIndustrial8,000 SF
Sold 12/11/2025
SOLD
The Tesmer Family Sells Industrial Property At 18251 North Tamiami Trail For $1.7M
18251 North Tamiami Trail
See Similar DealsIndustrial8,000 SF
Sold 12/11/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$212
Total Square Footage:8,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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