Vitalis And Advenir Acquire Fort Myers Medical Office Building For $21.8M
13340 Metro Parkway, Fort Myers, Florida 33966, United States
$21,780,000
$544/SF
Building Size
40,000 SF
Asset Type
Office
Closing
May 18, 2022
About this deal
AI
A 40,000 SF Medical Office Building located at 13340 Metro Pky in Fort Myers, FL has been sold for $21,780,000. The property is leased 100% to Lee Health, a mission critical outpatient facility strategically situated across from Lee Health’s Gulf Coast Medical Center, which has been recognized as one of “America’s Best Hospitals™️” for 2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: $21,780,000
- Address: 13340 Metro Pky, Fort Myers, FL
- Market: Fort Meyers
The buyer of the property is Vitalis represented by Abigail Kind and Elliot LaBreche, and Advenir represented by Matt Zaverucha and Matt Vecchitto. The seller of the property is Fred Pezeshkan.
NOTE FROM BUYER: Vitalis & Advenir acquired this 40,000 SF Medical Office Building as an investment property leased 100% to Lee Health. The property benefits from its strategic location across from Lee Health's Gulf Coast Medical Center, recognized as one of "America's Best Hospitals™️" for 2022.
Players
Fort Myers Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93