Marcus & Millichap Capital Corporation arranges $14 million financing for Cape storage facility<\/p>\n
Marcus & Millichap Capital Corporation, a provider of commercial real estate capital markets financing solutions, arranged $14 million in financing for a 137,900-square-foot self-storage property located at 1111 S.W. Pine Island Road<\/a> in Cape Coral.<\/p>\n Doug Brooks, managing director in MMCC\u2019s Columbus office, secured the financing with a local bank on behalf of Island Estate Group, an investment company that operates in Florida, New York, Georgia and South Carolina.<\/p>\n \u201cThe strong sponsorship, desirable location, and stable tenancy with CubeSmart made this an attractive opportunity for our lending partner,\u201d said Brooks. \u201cThis transaction demonstrates our commitment to securing optimal capital solutions for our clients in today\u2019s evolving market.\u201d<\/p>\n The loan features a five-year term with a 25-year amortization schedule at 60% loan-to-value and a competitive interest rate with 18 months of interest-only payments.<\/p>\n The property offers a wide range of climate-controlled storage units as well as moving supplies.<\/p>\n Coffee Rush drive-thru enters local market<\/p>\n MK Architecture\u00a0has been awarded the architectural design services for the new corporate prototype for Coffee Rush of Portland, Oregon. Coffee Rush has a more than 30-year history of fine coffees in the Portland area.\u00a0The stores are to be located at out parcel locations with double drive-thrus and will be located in Fort Myers and Cape Coral\u00a0with at least six new stores being planned.\u00a0They offer a variety of high-quality coffees sourced from the Northwest, and locally sourced pastries and other breakfast items. The first location at the Forum in Fort Myers will be open this month.\u00a0<\/p>\n MK Architecture\u00a0specializes in hospitality, commercial and multi-family architecture with offices in Fort Myers, Naples, and Lexington, Kentucky.<\/p>\n RSW, Page Field numbers for September<\/p>\n During September, 550,259 passengers traveled through Southwest Florida International Airport (RSW) in Fort Myers. This was an increase of 5.2% compared to September 2024. Year-to-date, passenger traffic is up 0.1%.<\/p>\n The traffic leader in September was Delta with 132,318 passengers. Rounding out the top five airlines were Southwest (100,318), American (87,250), United (82,316) and JetBlue (52,459). Southwest Florida International Airport had 5,342 aircraft operations, a decrease of 4.6 % compared to September 2024. \u00a0<\/p>\n Page Field saw 14,000 operations, which was a 5.4% increase compared to September 2024.<\/p>\n Southwest Florida International Airport served more than 11 million passengers in 2024 and is one of the top 50 U.S. airports for passenger traffic. No ad valorem (property) taxes are used for airport operation or construction. For more information, visit\u00a0flylcpa.com<\/a>\u00a0or\u00a0facebook.com\/flyRSW<\/a>.<\/p>\n Property appraiser to speak at REIS meeting<\/p>\n The Real Estate Investment Society will meet Wednesday, Nov. 12,\u00a0with a presentation on Valuation Insights from Lee County Property Appraiser, Matt Caldwell. The meeting is sponsored by\u00a0Markham Norton\u00a0and will begin promptly at 11:45 a.m. in the Osprey Room at Pelican Preserve\u2019s Clubhouse, on Treeline Avenue at Colonial Boulevard, in Fort Myers. <\/p>\n Tickets are $30 form members and $45 for non-members. Reservations are required by Monday, Nov. 10.\u00a0Please note that the meeting date was changed to Wednesday due to Veterans Day on Tuesday.<\/p>\n Caldwell is a seventh generation Floridian and has a bachelor of arts degree in history from FGCU and a master of science in geomatics from the University of Florida. He served in the Florida House of Representatives from 2010-2018 and was elected to serve as Property Appraiser in 2020.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Marcus & Millichap Capital Corporation arranges $14 million financing for Cape storage facility Marcus & Millichap Capital Corporation,…\n","protected":false},"author":2,"featured_media":26595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-26594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/26594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=26594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/26594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/26595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=26594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=26594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=26594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}