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5220 Summerlin Commons BLVD...

Riverchase Dermatology Leases 10997 Square Feet At 5220 Summerlin Commons Blvd Fort Myers With FCA
LEASEDOffice

Riverchase Dermatology Leases 10997 Square Feet At 5220 Summerlin Commons Blvd Fort Myers With FCA

5220 Summerlin Commons BLVD, Fort Myers, FL 33907

Building Size

10,997 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The leased property is located at 5220 Summerlin Commons Blvd, Fort Myers, Florida. It has a total area of 10,997 square feet. The transaction involves a tenancy agreement with Riverchase Dermatology as the tenant and FCA as the landlord.

Summary of transaction details:

In this transaction, Jay Crandall represents the interests of Riverchase Dermatology while Gary Tasman represents FCA. This lease agreement underscores the collaborative effort between the tenant’s and landlord's representatives in successfully facilitating the transaction.

Players

Gary Tasman

Cushman & Wakefield

Broker

$105.3M

vol

8 deals

Broker
FCA
FCALandlord

Fort Myers Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93