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
About this deal
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.
On the Map
$10,000,000
Mixed-use
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Players
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