SOLD
Old Republic Exchange Co. Acquires Retail Property In Fort Myers For $2.7M
19300 S Tamiami Trail
Building Size
—
Asset Type
—
Closing
Aug 25, 2022
About this deal
AI
The retail property located at 19300 S Tamiami Trail in Fort Myers, FL has been sold. The property spans 6,000 square feet and was sold for a price of $2,700,000, resulting in a price per square foot of $450. The transaction took place on 08/25/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $2,700,000
- Square Footage: 6,000
- Price per Square Foot: $450
- Address: 19300 S Tamiami Trail, Fort Myers, FL
- Market: Fort Myers, FL
The buyer of the property is Old Republic Exchange Co., while the seller is Marina Mike's. The transaction was facilitated by Michael Mahan of Lee & Associates.
Players
Fort Myers CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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