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
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.
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