Ben Mallah Acquires Multifamily Asset From David Cisan For $9.5M In Fort Myers

The property asset involved in this transaction is a multifamily building located at 7785 Gladiolus Drive in Fort Myers. The sale price for this asset was $9,500,000, featuring a total of 88 units and encompassing 105,196 square feet, which results in a price per unit of $107,954 and a price per square foot of $90.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Address: 7785 Gladiolus Drive
• Market: Fort Myers
• Units: 88
• Square Footage: 105,196
• Price Per Unit: $107,954
• Price Per Square Foot: $90
• Buyer: Ben Mallah
• Seller: David Cisan
• Brokers: Nick Meoli & Mike Donaldson - Cushman & Wakefield
• Date of Transaction: 06/16/2025

The key individuals involved in this transaction include the buyer Ben Mallah and the seller David Cisan. The brokers representing this deal are Nick Meoli and Mike Donaldson from Cushman & Wakefield, facilitating the transaction in the multifamily market.