Benjamin Skinner & Matthew Prozzillo Of Marcus & Millichap Sell Fort Myers Multifamily For $5.5M
15105 Pine Meadows Drive, Fort Myers, Florida 33908, United States
$5,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 8, 2022
AI
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.
Players
Fort Myers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93