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5826 Corporation Circle

David Stevens Sells Industrial Property At 5826 Corporation Circle Fort Myers For $1.3M
SOLDIndustrial

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:

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

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93