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Mitchell Kaplain Purchases Industrial Property From Randal Mercer In Fort Myers For $2.1M

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SOLD
$2,100,000

Florida

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Industrial10,000 SF
Sold 01/08/2026
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Property Image
SOLD

Mitchell Kaplain Purchases Industrial Property From Randal Mercer In Fort Myers For $2.1M

5421 Division Drive

See Similar Deals
Industrial10,000 SF
Sold 01/08/2026
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:10,000 SF
Transaction Type:Sale

The property involved in the transaction is an industrial asset located at 5421 Division Drive in the Fort Myers market. The sale price for the asset was $2,100,000, with a total square footage of 10,000, translating to a price per square foot of $210.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,100,000
  • Address: 5421 Division Drive
  • Market: Fort Myers
  • Square Footage: 10,000
  • Price per Square Foot: $210
  • Buyer: Mitchell Kaplain
  • Seller: Randal Mercer
  • Broker Representatives: Kevin Perez, Raul Pino, & Pablo Vignolo - The Hype Real Estate Group

This transaction involved an effective collaboration where The Hype Real Estate Group represented both the seller and buyer to ensure a smooth closing process. The team is engaged in sourcing more industrial and retail opportunities across various states including Florida, Georgia, North Carolina, Virginia, and northeastern states, with physical offices located in Miami and New York.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Kevin Perez
The Hype Real Estate Group
4 deals$9.7M volume(786) 657-6736
BROKER

Details

SOLD
IMAGE: Pablo Vignolo, Kevin Perez & Raul Pino DATE: 01/08/2026 ADDRESS: 5421 Division Drive MARKET: Fort Myers ASSET TYPE: Industrial BUYER: Mitchell Kaplain SELLER: Randal Mercer BROKERS: Kevin Perez (@KevinPerez.J), Raul Pino (@Thewolfofsouthfl) & Pablo Vignolo (@HypePabs) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $2,100,000 SF: 10,000 ~ PPSF: $210 NOTE FROM BROKER: Another successful transaction where Hype worked with both the Seller and Buyer for a smooth closing. Our team is actively sourcing industrial and retail opportunities throughout Florida, Georgia, North Carolina, Virginia, and northeastern states. We have physical offices in Miami and New York and are looking to connect with more buyers who want to purchase good opportunities in these markets. Please reach out to Raul Pino, Pablo Vignolo, or Kevin Perez at [email protected] for similar opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86