Seagate Development Group Acquires 502 Acres Of Land In Fort Myers For $15.3M
SOLD
$15,300,000
Florida
See Similar DealsSold 05/10/2022
SOLD
Seagate Development Group Acquires 502 Acres Of Land In Fort Myers For $15.3M
21260 State Road 82, Fort Myers, FL, 33913
See Similar DealsSold 05/10/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$816,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67
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