8 Cousins LLC Acquires Property In Fort Myers For $3.53M With Mark Alexander As Buyer's Rep
5238 Mason Corbin Ct, Fort Myers, FL...
$3,530,000
$335/SF
Building Size
10,521 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 5238 Mason Corbin Ct, Fort Myers, FL. It was sold for $3,530,000.00 and has a square footage of 10,521 in the Fort Myers market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,530,000.00
- Address: 5238 Mason Corbin Ct, Fort Myers, FL
- Square Footage: 10,521
- Buyer: 8 Cousins LLC
- Seller: Foot & Ankle Real Estate LLC
- Buyer's Representative: Mark Alexander, Medical Office Brokerage
This transaction reflects a collaboration between 8 Cousins LLC, the buyer, and Foot & Ankle Real Estate LLC, the seller. Mark Alexander, representing the buyer through Medical Office Brokerage, facilitated the negotiations for the deal.
On the Map
$3,530,000
$335/SF
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Fort Myers 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