Latigo Cape Coral LLC Acquires Development Site In Cape Coral For $14.65M
1434 Southwest 2nd Street, Cape Coral, Florida 33991, United States
$14,650,000
Building Size
—
Asset Type
Development Site
Closing
Jun 19, 2022
AI
A development site in Cape Coral has been sold for $14,650,000. The property, located at 1434 SW Second St. and 1437 SW Fifth St., was sold by NV Cape Coral LLC to Latigo Cape Coral LLC.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $14,650,000
- Address: 1434 SW Second St. and 1437 SW Fifth St., Cape Coral
- Market: Cape Coral
The sale of this development site was facilitated by brokers Gary Tasman and Shawn Stoneburner from Cushman & Wakefield.
Players
Cape Coral Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93