Commercial Partners Title LLC Acquires Property From Private Investor In Cape Coral For $2.39M
3637 Del Prado BLVD, Cape Coral, FL...
$2,390,000
$106/SF
Building Size
22,380 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 3637 Del Prado BLVD, Cape Coral, FL, within the Cape Coral market. The property was sold for $2,390,000.00 and encompasses a total square footage of 22,380.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,390,000.00
- Address: 3637 Del Prado BLVD, Cape Coral, FL
- Seller: Private Investor
- Buyer: Commercial Partners Title LLC
- Seller's Representative: Karen Augustine (RE/MAX Commercial)
Key individuals involved in this deal include Karen Augustine, representing the seller, a private investor, and Commercial Partners Title LLC as the buyer. The transaction reflects a direct relationship between the private investor and the commercial entity acquiring the property.
Players
Cape Coral 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
6.64%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93