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Marlin Marlin

Stories

Marlins Plaza

5611 & 5631 Six Mile Commercial Court, Fort Myers, FL 33912

01 The Opportunity

Our client is an experienced restauranteur with the capacity and ability to invest. He originally approached us with a need to lease space or find a build-to-suit opportunity to launch a new restaurant concept. We listened closely to understand his needs and capabilities. We developed and discussed different strategies then identified opportunities in the market. The client settled with a strategy to develop a multi-tenant anchored retail and entertainment center. To diversify the risk, he developed a building concept that could easily be repurposed in the event that a change of use would be required.

We located a site, created the financial model, assisted in identifying the financial resources required, then created a leasing strategy. The building was fully leased at issuance of the certificate of occupancy with a solid, long-term tenant mix and stabilized operating statement that exceeded proforma by more than twenty percent. The assets has been professionally managed from inception to disposition by Cushman & Wakefield | Commercial Property Southwest Florida.

02 The Results

Our local capital markets team sold the asset for $6,500,00 or 6.54% CAP Rate which represented a $2,000,000 profit, plus free buildout and two years free rent for the fledgling start-up phase.

Meet our Team

Gary Tasman Fort Myers Commercial Property Southwest Florida
Gary Tasman

CEO & Principal Broker - Commercial SW FL
Ft. Myers, United States of America


239-470-9646

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Shawn Stoneburner Fort Myers Commercial Property Southwest Florida
Shawn Stoneburner

Director - Commercial SW FL
Ft. Myers, United States of America


239.489.3600

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