![Marlin](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/stories/marlin-small.jpg?rev=467f77787bd148888e24b47f87baa7e5)
![Marlin](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/stories/marlin-large.jpg?rev=f8db560efddf4f53893af63fb48e4b29)
Stories
Marlins Plaza
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](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/people/alliances/fort-myers---commercial-property-swfl/gary-tasman.jpg?rev=f0b0263db10a433382b58ca68bbe0bbd)
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