Latigo Cape Coral LLC Acquires Development Site In Cape Coral For $14.65M
SOLD
$14,650,000
Florida
See Similar DealsDevelopment Site
Sold 06/20/2022
SOLD
Latigo Cape Coral LLC Acquires Development Site In Cape Coral For $14.65M
1434 Southwest 2nd Street, Cape Coral, Florida 33991, United States
See Similar DealsDevelopment Site
Sold 06/20/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$781,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,048.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,448.47
Annual Debt Service$833,381.69
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