Updated Apr 20, 2026
L.B. Andersen & Co Acquires Industrial Property In Fort Myers For $4.4M With Justin Thibaut As Buyer's Rep
5719 Corporation Circle
$4,400,000
$195/SF
Building Size
22,557 SF
Asset Type
Industrial
Closing
Apr 16, 2026
About this deal
AI
A 22,557-square-foot industrial building located at 5719 Corporation Circle in Fort Myers, Florida has been sold for $4.4 million. The property was previously owned by Rogan Amalgamation since 2001, when it was purchased for $872,500. The price per square foot for this transaction is $195.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 5719 Corporation Circle
- Market: Fort Myers
- Buyer: L.B. Andersen & Co
- Seller: Rogan Amalgamation
- Buyer's Representative: Justin Thibaut - LSI Companies
- Seller's Representatives: Derek Bornhorst & Adam Bornhorst - CBRE
- Square Footage: 22,557
- Price Per Square Foot: $195
This transaction involved a group of LLCs associated with L.B. Andersen & Co. The buyer was represented by Justin Thibaut from LSI Companies, while the seller was represented by Derek Bornhorst and Adam Bornhorst from CBRE.
On the Map
$4,400,000
$195/SF
Industrial
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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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93