Updated Jul 13, 2026
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
About this deal
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.
On the Map
$1,400,000
$160/SF
Industrial
View full map
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc D. Smouha to view all their deals.
Browse Florida industrial sales on Traded.
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