Southpaw Capital Buys Industrial Property From Moonstone Holdings For $3 Million In North Fort Myers
SOLD
$3,000,000
Florida
See Similar DealsIndustrial30,000 SF
Sold 11/14/2024
SOLD
Southpaw Capital Buys Industrial Property From Moonstone Holdings For $3 Million In North Fort Myers
8911 North Fork Drive
See Similar DealsIndustrial30,000 SF
Sold 11/14/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:30,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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