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Jeff Bezos And Andy Jassy Of Amazon Purchase 143 Acres Of Land In Fort Myers For $66.5M

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SOLD
$66,500,000

Florida

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Land
Sold 11/19/2024
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SOLD

Jeff Bezos And Andy Jassy Of Amazon Purchase 143 Acres Of Land In Fort Myers For $66.5M

10631 Florida Highway 82

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Land
Sold 11/19/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

Amazon has acquired 143 acres of land located at 10631 State Road 82 in Fort Myers, Florida, for a total price of $66.5 million. The purchase is part of Amazon's strategy to expand its presence in the region, as the property is situated near The Forum and is intended for the development of a new facility.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $66,500,000
  • Acres: 143
  • Address: 10631 State Road 82
  • Market: Fort Myers
  • Buyer: Jeff Bezos & Andy Jassy - Amazon
  • Broker: Justin Thibaut - LSI Companies

In this transaction, Jeff Bezos and Andy Jassy represent Amazon as the buyers, while Justin Thibaut acts as the broker representing LSI Companies in facilitating the deal. The acquisition is expected to contribute to local economic growth by enhancing Amazon's operational footprint in the area.

Players

Justin Thibaut
LSI Companies
Justin Thibaut
8 deals$287.2M volume
BROKER

Details

SOLD
IMAGE: Andy Jassy, Jeff Bezos & Justin Thibaut DATE: 11/19/2024 ADDRESS: 10631 State Road 82 MARKET: Fort Myers ASSET TYPE: Land ~ ACRES: 143 BUYER: Jeff Bezos (@JeffBezos) & Andy Jassy (@AJassy) - Amazon (@Amazon) BROKER: Justin Thibaut (@JThibaut) - LSI Companies (@LSI_Companies) SALE PRICE: $66,500,000 NOTE: Amazon purchased 143 acres of land in Fort Myers for $66.5 million at 10631 State Road 82 near The Forum, with plans for a new facility. The project is expected to boost local economic growth, adding to Amazon’s existing footprint in the area.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,546,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$236,260.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$315,243.93
Annual Debt Service$3,782,927.12