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5702 Corporation Circle

Alluvion Partners Acquires Industrial Asset From Cris Carlin For $2 Million In Fort Myers
SOLDIndustrial

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

Daniel Levin

Corepoint RE

Broker

$3.7M

vol

2 deals

Broker

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