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3760 Fowler Street

Henry Chapin Sells Industrial Property At 3760 Fowler Street Fort Myers For $5.6M With Trinity Commercial Group As Seller's Rep
SOLDIndustrial

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:

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

Marc D. Smouha

Corepoint RE

Broker

$291M

vol

38 deals

Broker

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