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
Market 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93