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
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