Martin Segal, Jack Shulman & Rob Logan Acquire Industrial Property From Harry Lowell For $30M
SOLD
$30,000,000
+ 3
Florida
See Similar DealsIndustrial218,986 SF
Sold 12/16/2025
SOLD
Martin Segal, Jack Shulman & Rob Logan Acquire Industrial Property From Harry Lowell For $30M
6151 Metro Plex Drive
See Similar DealsIndustrial218,986 SF
Sold 12/16/2025
+ 3
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:218,986 SF
Transaction Type:Sale
This industrial asset located at 6151 Metro Plex Drive in Fort Myers features a sale price of $30,000,000. The property encompasses a total of 218,986 square feet, translating to a price per square foot of $136.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Square Footage: 218,986
- Address: 6151 Metro Plex Drive
- Market: Fort Myers
- Buyer: Martin Segal, Jack Shulman & Rob Logan
- Seller: Harry Lowell
- Brokers: Nick Watson, Jake Lurie & Aiden Hawkins - Matthews
The transaction involved Martin Segal, Jack Shulman, and Rob Logan purchasing the property from seller Harry Lowell, with representation from brokers Nick Watson, Jake Lurie, and Aiden Hawkins of Matthews.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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