Benjamin Skinner & Matthew Prozzillo Of Marcus & Millichap Sell Fort Myers Multifamily For $5.5M
SOLD
$5,500,000
Florida
See Similar DealsMultiFamily
Sold 02/09/2022
SOLD
Benjamin Skinner & Matthew Prozzillo Of Marcus & Millichap Sell Fort Myers Multifamily For $5.5M
15105 Pine Meadows Drive, Fort Myers, Florida 33908, United States
See Similar DealsMultiFamily
Sold 02/09/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 15105-15156 Pine Meadows Dr in Fort Myers has been sold for a total price of $5,500,000. The property consists of 60 units, with an average price per unit of $91,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Address: 15105-15156 Pine Meadows Dr
- Market: Fort Myers
The sale was facilitated by Benjamin Skinner and Matthew Prozzillo from Marcus & Millichap. They served as the brokers in this transaction, representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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