Michael Sabbagh & Mark Sabbagh Of Ultimate Realty Buy Industrial Portfolio From Andy Catalano In Fort Myers
12731 Metro Parkway, Fort Myers, Fl, 33966, 12741 Metro Parkway, Fort Myers, Fl, 33966, 12751 Metro Parkway, Fort Myers, Fl, 33966
Building Size
13,970 SF
Asset Type
Industrial
Closing
Feb 23, 2026
AI
The transaction involved a three-building industrial portfolio located at 12731, 12741 & 12751 Metro Parkway in Fort Myers, with a total square footage of 13,970. The industrial asset has transitioned ownership, reflecting activity within the Fort Myers market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Michael Sabbagh & Mark Sabbagh - Ultimate Realty
- Seller: Andy Catalano
- Brokers: Zack Tillery & Colton Brausen - Lee & Associates
- Date of Transaction: 02/24/2026
This successful sale was facilitated by brokers Zack Tillery and Colton Brausen, who represent the interests of the sellers in this transaction. They noted the ongoing strength of the Fort Myers Industrial Market into 2026, indicating a robust environment for such transactions.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93