Pebble Lane Associates Acquires Industrial Property On S. Cleveland Ave. In Fort Myers For $13.2M
4740 South Cleveland Avenue, Fort Myers, Florida 33907, United States
$13,200,000
$202/SF
Building Size
65,190 SF
Asset Type
Industrial
Closing
Jun 22, 2022
AI
An industrial property located at 4740 S. Cleveland Ave. in Fort Myers, San Carlos, FL has been sold for a total of $13,200,000. The property spans across 65,190 square feet, resulting in a price per square foot of $202. The transaction took place on June 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,200,000
- Address: 4740 S. Cleveland Ave., Fort Myers, San Carlos, FL
- Market: Fort Myers, San Carlos, FL
Pebble Lane Associates has acquired the industrial property from Alternative Labs. The buyer was represented by Nathan Ande and Eric Anton from The Anton Group.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93