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6111 South Pointe BLVD, For...

Lord Of Life Ministries Leases 31000 Square Feet At 6111 South Pointe Blvd In Fort Myers
LEASED

Lord Of Life Ministries Leases 31000 Square Feet At 6111 South Pointe Blvd In Fort Myers

6111 South Pointe BLVD, Fort Myers, F...

Building Size

31,000 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 6111 South Pointe BLVD, Fort Myers, Florida. It has a total area of 31,000 square feet and is positioned within the Fort Myers market.

Summary of transaction details:

This lease transaction involves key representatives such as Coni Dean, who represents the tenant, and Jay Crandall, who represents the landlord. The involvement of these individuals is crucial in facilitating the agreement between Lord of Life Ministries and South Point Shoppes LLC.

Players

Coni Dean

Venture Realty & Investments

Broker

1 deal

Broker

Fort Myers CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93