Ben Mallah Acquires Multifamily Asset From David Cisan For $9.5M In Fort Myers
SOLD
$9,500,000
Florida
See Similar DealsMultiFamily105,196 SF
Sold 06/16/2025
SOLD
Ben Mallah Acquires Multifamily Asset From David Cisan For $9.5M In Fort Myers
7785 Gladiolus Drive
See Similar DealsMultiFamily105,196 SF
Sold 06/16/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$90
Total Square Footage:105,196 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
Is there something missing? Send suggestions