Pebble Lane Associates Acquires Industrial Property On S. Cleveland Ave. In Fort Myers For $13.2M
SOLD
$13,200,000
Florida
See Similar DealsIndustrial65,190 SF
Sold 06/23/2022
SOLD
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
See Similar DealsIndustrial65,190 SF
Sold 06/23/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$202
Total Square Footage:65,190 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
Is there something missing? Send suggestions