Menachem Greenberg Acquires Property In Bonita Springs For $2 Million With John Albion As Buyer's Rep
24611 Production Cir, Bonita Springs...
$2,000,000
$129/SF
Building Size
15,500 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 24611 Production Cir, Bonita Springs, within the Bonita Springs market. The property was sold for a price of $2,000,000.00 and has a total square footage of 15,500 sqft.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,000,000.00
- Address: 24611 Production Cir, Bonita Springs
- Market: Bonita Springs
- Buyer: Menachem Greenberg
- Seller: U.S. Bank
- Buyer’s Representative: John Albion-Cushman & Wakefield
- Seller’s Representative: Connor Finch-C-III Realty Services
This transaction involved Menachem Greenberg as the buyer, acquiring the property from U.S. Bank, which acted as the seller. The deal was facilitated by John Albion from Cushman & Wakefield representing the buyer and Connor Finch from C-III Realty Services representing the seller, highlighting the professional brokerage involvement in this real estate transaction.
Players
Bonita Springs 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93