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

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SOLD
$4,380,000
Chase Mayhugh
Justin Ankney

Florida

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Industrial11,950 SF
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Best Supply Properties LLC Acquires 11,950 SF Industrial Warehouse In Fort Myers For $4.38M

8031 Mainline Pkwy Fort Myers, FL 33912, USA

See Similar Deals
Industrial11,950 SF
Sold
Chase Mayhugh
Justin Ankney
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$366
Total Square Footage:11950 SF
Transaction Type:Sale

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
Chase Mayhugh
3 deals$22.2M volume(239) 898-9685
BROKER
Justin Ankney
Mayhugh Commercial Advisors
Justin Ankney
2 deals$14.1M volume(239) 933-5594
BROKER

Details

SOLD
IMAGE: Chase Mayhugh & Justin Ankney DATE: 07/13/2023 ADDRESS: 8031 Mainline Parkway MARKET: Fort Myers ASSET TYPE: Industrial BUYER: Best Supply Properties LLC BROKERS: Chase Mayhugh & Justin Ankney - Mayhugh Commercial Advisors (@MayHughCommercial) SALE PRICE: $4,380,000 SF: 11,950 ~ PPSF: $367 NOTE: Mayhugh Commercial Advisors sold an 11,950-square-foot warehouse in Fort Myers for $4.38 million, marking one of the highest per-square-foot sales in the area. Best Supply Properties LLC, a supplier of building products, purchased the property as their first location in Southwest Florida.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$233,599.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,561.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,763.43
Annual Debt Service$249,161.21