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Capital Partners Acquires 208K-SF Ft. Myers Warehouse Facility
CBRE has arranged $30.5 million in acquisition financing for Meridian Business Campus, a 208,456-square-foot, four-building, Class A industrial property located at 16091-16251 Parallel Drive in Fort Myers.
Billy Mork of CBRE Capital Markets’ Debt and Structured Finance team secured a 10-year fixed-rate loan at 5.5% with a partial interest-only period and 30-year amortization on behalf of the buyer, Capital Partners. CBRE placed the acquisition financing through a life insurance company.
Meridian Business Campus is strategically located near Southwest Florida International Airport and offers immediate access to Interstate 75. Built in 2023, the property is currently 96.6% leased to a diverse range of eight tenants across a variety of healthcare, distribution and supply industries, with an average lease term of nearly six years.
On its website, Capital Partners says it has $1.8 billion in industrial real estate under ownership and management across the Twin Cities, Milwaukee, Southwest Florida and Indianapolis.
- ◦Sale/Acquisition
