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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Lord of Life Ministries
- Landlord: South Point Shoppes LLC
- Tenant's Representative: Coni Dean-Venture Realty & Investments
- Landlord's Representative: Jay Crandall-Crandall Commercial Group LLC
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.
On the Map
Players
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