Alluvion Partners Acquires Industrial Asset From Cris Carlin For $2 Million In Fort Myers
5702 Corporation Circle
$2,000,000
$146/SF
Building Size
13,617 SF
Asset Type
Industrial
Closing
Sep 15, 2025
AI
The asset involved in this transaction is an industrial property located at 5702 Corporation Circle in Fort Myers. The sale was executed for a transaction amount of $2,000,000, encompassing a total area of 13,617 square feet, which equates to a price per square foot of $146.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 5702 Corporation Circle
- Market: Fort Myers
- Square Footage: 13,617
- Price Per Square Foot: $146
- Buyer: Alluvion Partners
- Seller: Cris Carlin - Carlin Family
- Brokers: Marc D. Smouha & Daniel Levin - CorePoint RE @CorePoint_RE
Marc D. Smouha and Daniel Levin represented the buyer, Alluvion Partners, in this transaction, highlighting their roles as brokers in the deal. For off-market opportunities nationwide, parties are encouraged to reach out directly to the brokers via their provided contact information.
Players
Fort Myers 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93