Capital Partners, a Minnesota-based commercial real estate firm, has bought a Fort Myers industrial park using $30.5 million in acquisition financing for the deal.<\/p>\n
The park is the Meridian Business Center on Parallel Drive, just off on Interstate Commerce Drive and near Interstate 75.<\/p>\n
CBRE Capital Markets, which structured the financing package and announced the deal, says it is a 10-year fixed-rate loan at 5.5% with a partial interest-only period and 30-year amortization.<\/p>\n
The sale price was $48.35 million.<\/p>\n
The previous owner, Ohio-based Geis Development, bought the property for $6.6 million in 2021, according to county property records. It built Meridian, which opened in 2024.<\/p>\n
The center is a 208,456-square- foot, four building complex. It is currently 96.6% leased with an eight-tenant mix in the healthcare, distribution and supply industries. The average lease term of the tenants is nearly six years says CBRE.<\/p>\n
Capital Partners, according to its website, has $1.8 billion in industrial real estate under ownership and management across the Minneapolis and St. Paul in Minnesota, as well as Milwaukee, Wisconsin, Indianapolis, Indiana and Southwest Florida.<\/p>\n
Its local portfolio includes the Bernwood Trade Center in Bonita Springs.<\/p>\n
Billy Mork of the firm\u2019s Minneapolis finance team secured the financing for Capital Partners.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Capital Partners, a Minnesota-based commercial real estate firm, has bought a Fort Myers industrial park using $30.5 million…\n","protected":false},"author":2,"featured_media":301620,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-305436","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\/305436","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=305436"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/305436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/301620"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=305436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=305436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=305436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}