MCIN Bell Acquires 24 Acre Development Site In Lehigh Acres From HML Of Lehigh Acres For $6M
307 Parkdale Boulevard, 406 La Perouse Street, 17928-976 State Road 82 Lehigh & 17928-976 Sr 82
$6,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 1, 2026
AI
MCIN Bell acquired five commercial parcels totaling 24 acres located at 307 Parkdale Boulevard, 406 La Perouse Street, and 17928-17976 State Road 82 in Lehigh Acres and Fort Myers, FL for $6,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Buyer: MCIN Bell
- Seller: HML of Lehigh Acres
- Broker: Hunter Ward - LSI Companies
LSI Companies' broker Hunter Ward facilitated this transaction, representing the interests involved effectively in the deal.
Players
Parkdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93