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
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