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5470 Division Drive

K2 Real Estate Capital Acquires Industrial Property In Fort Myers For $1.4M With Brokers Corepoint RE
SOLDIndustrial

K2 Real Estate Capital Acquires Industrial Property In Fort Myers For $1.4M With Brokers Corepoint RE

5470 Division Drive

$1,400,000

$160/SF

Building Size

8,716 SF

Asset Type

Industrial

Closing

Jun 29, 2026

AI

The industrial property located at 5470 Division Drive in Fort Myers, FL has been sold for $1,400,000. The asset encompasses a total of 8,716 square feet, resulting in a price per square foot of $160.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,400,000
  • Buyer: K2 Real Estate Capital - Robert Kaplain & Mitchell Kaplain
  • Seller: The Tanner Family
  • Brokers: Marc D. Smouha & Martin Cohen - Corepoint RE
  • Date of Transaction: 6/30/2026

CorePoint RE facilitated this off-market transaction, with Marc D. Smouha and Martin Cohen representing the buyers and sellers in the deal.

Players

Marc D. Smouha

Corepoint RE

Broker

$291M

vol

38 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93