Southpaw Capital Buys Industrial Property From Moonstone Holdings For $3 Million In North Fort Myers
8911 North Fork Drive
$3,000,000
$100/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Nov 14, 2024
AI
The asset involved in this transaction is an industrial property located at 8911 North Fork Drive in North Fort Myers. The property spans a total of 30,000 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 8911 North Fork Drive
- Market: North Fort Myers
- Square Footage: 30,000
- Price Per Square Foot: $100
- Buyer: Southpaw Capital - Joe Pasquale & Kevin Buxton
- Seller: Moonstone Holdings - Niclas Kirchberger
- Broker: Hayden Bruno & Nick Watson - Matthews Real Estate Investment Services
The transaction was executed by Joe Pasquale and Kevin Buxton, representing Southpaw Capital, with Niclas Kirchberger representing Moonstone Holdings. The deal was facilitated by Hayden Bruno and Nick Watson from Matthews Real Estate Investment Services, who acted as the brokers in this transaction.
Players
North 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93