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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Riverchase Dermatology
- Landlord: FCA
- Tenant's Representative: Jay Crandall - Crandall Commercial Group LLC
- Landlord's Representative: Gary Tasman - Cushman & Wakefield
- Square Feet: 10,997
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.
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Office
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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