Minnesota buyer borrows $30.5M for Fort Myers industrial property

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.

The park is the Meridian Business Center on Parallel Drive, just off on Interstate Commerce Drive and near Interstate 75.

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…

Story continues

TRENDING NOW

LATEST LOCAL NEWS