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8031 Mainline Pkwy Fort Mye...

Best Supply Properties LLC Acquires 11,950 SF Industrial Warehouse In Fort Myers For $4.38M
SOLDIndustrial

Best Supply Properties LLC Acquires 11,950 SF Industrial Warehouse In Fort Myers For $4.38M

8031 Mainline Pkwy Fort Myers, FL 33912, USA

$4,380,000

$366/SF

Building Size

11,950 SF

Asset Type

Industrial

Closing

Jul 13, 2023

AI

Mayhugh Commercial Advisors recently facilitated the sale of an 11,950-square-foot warehouse located at 8031 Mainline Parkway in Fort Myers. The property sold for a total price of $4.38 million, making it one of the highest per-square-foot sales in the area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,380,000
  • Square Footage: 11,950
  • Price per Square Foot: $367
  • Address: 8031 Mainline Parkway, Fort Myers
  • Market: Fort Myers

The buyer in this transaction was Best Supply Properties LLC, a supplier of building products. This purchase marks their first location in Southwest Florida. The deal was brokered by Chase Mayhugh and Justin Ankney from Mayhugh Commercial Advisors, who represented the buyer in the transaction.

Players

Chase Mayhugh

Mayhugh Commercial Advisors

Broker

$77.2M

vol

4 deals

Broker

Miami 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

3.62%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93