Updated Jan 10, 2025
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
About this deal
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.
On the Map
$34,980,000
$336/SF
Industrial
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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