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2315 Central Ave, Fort Myer...

Updated Oct 29, 2024

Watersong Realty Purchases Property From Frontier Financial LLC In Fort Myers For $4 Million
SOLD

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.

Players

Francesco Carriera

CBRE

Broker

$1.5B

vol

15 deals

Broker

Fort Myers CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $73 per square foot on a published $4M for 54,474 square feet (2024).

Visit Francesco (Frank) Carriera to view all their deals.

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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

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