Updated Dec 23, 2024
Henry Chapin Sells Industrial Property At 3760 Fowler Street Fort Myers For $5.6M With Trinity Commercial Group As Seller's Rep
3760 Fowler Street
$5,600,000
$110/SF
Building Size
50,771 SF
Asset Type
Industrial
Closing
Dec 17, 2024
About this deal
AI
The industrial property located at 3760 Fowler Street in Fort Myers, FL has been successfully sold for $5,600,000. The asset encompasses a total area of 50,771 square feet, resulting in a price per square foot of $110.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Sale Date: 12/17/2024
- Seller: Henry Chapin
- Buyer’s Representative: Marc Smouha, Volkan Halilov & David Warren - KSR
- Seller’s Representative: Trinity Commercial Group
This transaction involved key individuals including Henry Chapin as the seller, and Marc Smouha, Volkan Halilov & David Warren representing the buyer through KSR. The deal was facilitated by Trinity Commercial Group, representing the seller. The brokers have extended an invitation for off-market opportunities nationwide through their contact emails.
On the Map
$5,600,000
$110/SF
Industrial
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Players
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93