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2455 Bucees Blvd, Fort Myer...

Alessio Companies Acquires Mixed-Use Property In Lee County, Fort Myers For $10M
SOLDMixed-use

Alessio Companies Acquires Mixed-Use Property In Lee County, Fort Myers For $10M

2455 Bucees Blvd, Fort Myers, Florida 33905, United States

$10,000,000

Building Size

Asset Type

Mixed-use

Closing

Apr 10, 2022

AI

The mixed-use property located at 2455 Bucees Blvd in Lee County, Fort Myers has been sold in a recent transaction. The property, encompassing a total of 159 acres, was sold for a sale price of $10,000,000. The property was originally listed for $11,000,000, resulting in a price reduction for the buyer. With a price per acre (PPA) of $62,893, this transaction presents an opportunity for Alessio Companies to acquire a sizable mixed-use asset in the vibrant market of Lee County.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $10,000,000
  • Address: 2455 Bucees Blvd, Lee County, Fort Myers
  • Market: Lee County, Fort Myers

Bryan Myers & Tiffany Luongo of SVN Commercial Partners represented both parties in this transaction, serving as brokers for Alessio Companies and Buc-ee's Ltd. Their expertise and guidance were instrumental in completing the deal.

Players

Bryan Myers

SVN

Broker

$12M

vol

2 deals

Broker

Fort Myers Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93