Jeff Bezos And Andy Jassy Of Amazon Purchase 143 Acres Of Land In Fort Myers For $66.5M
10631 Florida Highway 82
$66,500,000
Building Size
—
Asset Type
Land
Closing
Nov 19, 2024
About this deal
AI
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.
On the Map
$66,500,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93