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Marcus & Millichap Sells Medical Office In Fort Myers For $13.2M

Property Image
SOLD
$13,200,000
Frank Roti
Brett Rodgers
Alex Sacks

Florida

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Medical Office38,404 SF
Sold 04/26/2024
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Property Image
SOLD

Marcus & Millichap Sells Medical Office In Fort Myers For $13.2M

13813 Metro Parkway

See Similar Deals
Medical Office38,404 SF
Sold 04/26/2024
Frank Roti
Brett Rodgers
Alex Sacks
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$343
Total Square Footage:38,404 SF
Transaction Type:Sale

The medical office property located at 13813 Metro Parkway in Fort Myers was recently sold for $13.2 million. The building, constructed in 2006, offers a total of 38,404 square feet of space in the market of Fort Myers.

Summary of transaction details:

The sale of this medical office property was facilitated by the brokerage firm Marcus & Millichap. The transaction involved brokers Alex Sacks, Brett Rodgers, and Frank Roti representing the parties in this deal.

Players

Alex Sacks
Marcus & Millichap
Alex Sacks
6 deals$49.2M volume
BROKER
Brett Rodgers
Marcus & Millichap
Brett Rodgers
9 deals$70.7M volume
BROKER
Frank Roti
Marcus & Millichap
Frank Roti
9 deals$70.7M volume
BROKER

Details

SOLD
IMAGE: 04/26/2024 ADDRESS: 13813 Metro Parkway MARKET: Fort Myers ASSET TYPE: Medical Office BROKERS: Alex Sacks, Brett Rodgers & Frank Roti - Marcus & Millichap SALE PRICE: $13,200,000 SF: 38,404 ~ PPSF: $344 NOTE: Marcus & Millichap facilitated the sale of a medical office property at 13813 Metro Parkway in Fort Myers for $13.2 million. The building, constructed in 2006 and spanning 38,404 square feet, was sold by a private limited liability partnership. The buyer's identity was not disclosed.

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

$703,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81