Private Investor Acquires Property From The National Bank Of Commerce For $3.53M In Punta Gorda With Broker Representation From Danny Nix And Enn Luthringer
SOLD
$3,530,000
Florida
See Similar Deals31,424 SF
SOLD
Private Investor Acquires Property From The National Bank Of Commerce For $3.53M In Punta Gorda With Broker Representation From Danny Nix And Enn Luthringer
25097 E Olympia Ave, Punta Gorda, F...
See Similar Deals31,424 SF
Summary
FLORIDA
Price Per Square Foot:$112
Total Square Footage:31,424 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 25097 E Olympia Ave, Punta Gorda, Florida. The transaction was valued at $3,530,000.00 and encompasses 31,424 square feet within the Punta Gorda market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $3,530,000.00
- Address: 25097 E Olympia Ave, Punta Gorda, Florida
- Market: Punta Gorda
- Buyer: Private Investor
- Seller: The National Bank of Commerce
- Buyer's Representative: Danny Nix-Nix & Associates Real Estate LLC
- Seller's Representative: Enn Luthringer-CRE Consultants
The deal involved a private investor purchasing the property from The National Bank of Commerce, with Danny Nix from Nix & Associates Real Estate LLC representing the buyer and Enn Luthringer from CRE Consultants representing the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$188,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,541.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,734.00
Annual Debt Service$200,808.01
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