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...
$3,530,000
$112/SF
Building Size
31,424 SF
Asset Type
—
Closing
Nov 19, 2023
AI
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.
Players
Punta Gorda 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
4.49%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93