SOLDIndustrial
Sam Lobue Acquires Industrial Property In Fort Myers For $2.95M
$2,950,000
$7/SF
Building Size
371,131 SF
Asset Type
Industrial
Closing
Apr 11, 2024
AI
The industrial property in Fort Myers was sold for $2,950,000. The property spans 371,131 square feet, resulting in a price per square foot of $8.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,950,000
- Market: Fort Myers
- Buyer: Sam Lobue
- Seller: Stan Stouder
- Buyer's Rep: Miguelangel Salazar-Pesce & Azael Reyes - East Coast Properties & Commercial Real Estate
Miguelangel Salazar-Pesce & Azael Reyes represented Sam Lobue as the buyer in this transaction.
Players
Market 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93