HOS Management Acquires 7 Acres Of Land In Fort Myers For $2M
17061 John Morris Road, Fort Myers, Florida 33908, United States
$2,000,000
Building Size
—
Asset Type
—
Closing
Mar 15, 2022
About this deal
AI
The recently closed transaction in Fort Myers involved the sale of a land property spanning approximately 7 acres. The property, located at 17061 John Morris Road, was sold by Bob Halgrim Jr. to HOS Management. The sale was facilitated by Ken Weiner of The Weiner Companies, acting as the broker in the deal.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Date: 03/16/2022
- Market: Fort Myers
- Buyer: HOS Management
- Seller: Bob Halgrim Jr.
- Broker: Ken Weiner - The Weiner Companies
Ken Weiner of The Weiner Companies played a crucial role as the broker in this transaction. This deal represents a significant investment in a 7-acre land property in Fort Myers.
Players
Fort Myers CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93