Watersong Realty Purchases Property From Frontier Financial LLC In Fort Myers For $4 Million
2315 Central Ave, Fort Myers, FL, 33901
$4,000,000
$73/SF
Building Size
54,474 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 2315 Central Ave, Fort Myers, FL, 33901. It was sold for a price of $4,000,000.00 and comprises a total area of 54,474 square feet. This sale occurred within the Fort Myers market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $4,000,000.00
- Address: 2315 Central Ave, Fort Myers, FL, 33901
- Market: Fort Myers
- Buyer: Watersong Realty
- Seller: Frontier Financial LLC
- Buyer's Representative: Joshua Teplitzky-Marcus & Millichap
- Seller's Representative: Francesco "Frank" Carriera-CBRE
This transaction involved key representatives in the real estate sector, with Joshua Teplitzky from Marcus & Millichap representing the buyer, Watersong Realty, while Francesco "Frank" Carriera from CBRE represented the seller, Frontier Financial LLC. This collaboration highlights the active engagement of these professionals in facilitating the transaction.
On the Map
$4,000,000
$73/SF
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Players
Fort Myers 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93