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Michael Lyons Acquires Package Deal From David Silver In North Fort Myers For $6.1M

Property Image
SOLD
$6,100,000
Daniel J. Cunningham
River Rhoads
+ 2

Florida

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Package Deal70,056 SF
Sold 09/30/2025
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Property Image
SOLD

Michael Lyons Acquires Package Deal From David Silver In North Fort Myers For $6.1M

2201 Cantor Lane

See Similar Deals
Package Deal70,056 SF
Sold 09/30/2025
Daniel J. Cunningham
River Rhoads
+ 2
Contact now

Summary

FLORIDA
Asset Type:Package Deal
Price Per Square Foot:$87
Total Square Footage:70,056 SF
Transaction Type:Sale

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:

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

Daniel J. Cunningham
30 deals$197M volume
BROKER

Evan Richardson
Marcus & Millichap
30 deals$183.1M volume
BROKER

River Rhoads
Marcus & Millichap
29 deals$153.9M volume
BROKER

Dillon Majeski
Marcus & Millichap
27 deals$169.1M volume
BROKER

Cory Sanchez
Marcus & Millichap
18 deals$123.4M volume(954) 245-3445
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Daniel Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson DATE: 09/30/2025 ADDRESS: 2201 Cantor Lane MARKET: North Fort Myers ASSET TYPE: Package Deal BUYER: Michael Lyons SELLER: David Silver BROKERS: Daniel J. Cunningham, River Rhoads (@River.Rhoads), Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,100,000 SF: 70,056 ~ PPSF: $87 NOTE FROM BROKER: Our seller had built this portfolio over a span of more than 20 years through auctions, foreclosures, and individual purchases but decided it was time to step away from the challenges of managing it. Through our marketing process and careful vetting of several competing offers, we procured a qualified local investor, who saw the value in the opportunity, submitted a cash offer, and was best positioned to take it on.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34