SOLD
Seagate Development Group Acquires 502 Acres Of Land In Fort Myers For $15.3M
21260 State Road 82, Fort Myers, FL, 33913
$15,300,000
Building Size
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Asset Type
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Closing
May 9, 2022
AI
The property involved in this transaction is a land located at 21260 State Road 82 in Fort Myers. The land spans approximately 502 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,300,000
- Date: 05/10/2022
- Market: Fort Myers
- Buyer: Seagate Development Group - Matt Price
- Seller: MCIN Bell
- Broker: LSI Cos
The buyer in this transaction is Seagate Development Group, represented by their broker Matt Price. The seller is MCIN Bell. The broker involved in the deal is LSI Cos.
Miami 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93