Michael Lyons Acquires Package Deal From David Silver In North Fort Myers For $6.1M
2201 Cantor Lane
$6,100,000
$87/SF
Building Size
70,056 SF
Asset Type
Package Deal
Closing
Sep 29, 2025
AI
A package deal located at 2201 Cantor Lane in North Fort Myers was successfully sold for $6,100,000. The asset spans a total of 70,056 square feet, equating to a price per square foot of $87.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $6,100,000
- Buyer: Michael Lyons
- Seller: David Silver
- Brokers: Daniel J. Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap
- Sale Date: 09/30/2025
The broker's note highlights that the seller had developed the portfolio over more than 20 years through various means and opted to divest from its management challenges. The transaction was facilitated by carefully vetting competing offers, ultimately leading to a cash offer from a qualified local investor keen on the opportunity.
Players
North Fort Myers Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93