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9111 Cheetos Cir

Louis Sheinker Of GTJ REIT Acquires Industrial Asset From Flint McNaughton Of SunCap For $34.98M
SOLDIndustrial

Louis Sheinker Of GTJ REIT Acquires Industrial Asset From Flint McNaughton Of SunCap For $34.98M

9111 Cheetos Cir

$34,980,000

$336/SF

Building Size

104,120 SF

Asset Type

Industrial

Closing

Dec 23, 2024

AI

The industrial property located at 9111 Cheetos Cir in Fort Myers, FL has been sold for $34,980,000. The total square footage of the asset is 104,120, resulting in a price per square foot of $335.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $34,980,000
  • Buyer: Louis Sheinker - GTJ REIT
  • Seller: Flint McNaughton - SunCap Property Group
  • Broker: Adan Elias Kornfeld

The transaction was facilitated by broker Adan Elias Kornfeld, who played a key role in the closing of this property sale, representing the involved parties in the deal.

Players

Adan Elias Kornfeld

Broker

$180.3M

vol

8 deals

Broker

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93