David Stevens Sells Industrial Property At 5826 Corporation Circle Fort Myers For $1.3M
5826 Corporation Circle
$1,300,000
$130/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Sep 6, 2024
AI
The property asset involved in this transaction is an industrial property located at 5826 Corporation Circle in the Fort Myers market. The asset has a sale price of $1,300,000 and encompasses a total area of 10,000 square feet, resulting in a price per square foot of $130.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 5826 Corporation Circle
- Market: Fort Myers
- Square Footage: 10,000
- Price per Square Foot: $130
- Seller: David Stevens
- Buyer's Representative: Brock Rasmussen - Lee & Associates
- Seller's Representatives: Kevin Perez, Raul Pino & Pablo Vignolo - The Hype Real Estate Group
The deal was facilitated by The Hype Real Estate Group, which specializes in sourcing off-market and well-priced opportunities throughout Florida. The team is actively engaged in various sectors including industrial, retail, land, and multifamily spaces, emphasizing a robust pipeline of new deals. Key individuals involved in this transaction include Pablo Vignolo, Raul Pino, and Kevin Perez, with recognition given to Kevin for concluding 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93