Duplexes Park Resort LLC Acquires 24 Acres Of Land In Cape Coral For $4.2M
1322 Northeast 12th Avenue, Cape Coral, Florida 33909, United States
$4,200,000
Building Size
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Asset Type
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Closing
May 31, 2022
AI
Built on a sprawling piece of land totaling 24 acres, a property transaction took place in Cape Coral's market. The property, located at 1322 NE 12 Ave, was put up for sale. The transaction involved the buyer, Duplexes Park Resort LLC, and the seller, CC Properties Investors II LLC.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,200,000
The deal was facilitated by the brokers, Bob O’Connor and Michael Price, representing LandQwest Commercial Real Estate Services. Their expertise and guidance contributed to the successful completion of the transaction.
Players
Cape Coral CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93