IRA Capital Acquires Medical Office In Fort Myers For $7M From Seller 8250 Realty LLC
2565 Cleveland Ave, Fort Myers, FL 33901, USA
$7,000,000
$77/SF
Building Size
90,000 SF
Asset Type
Office
Closing
Jul 29, 2020
AI
A medical office property located at 2565 Cleveland Avenue in Fort Myers has been sold in a closed transaction. The property spans 9,000 square feet and was purchased for $7,000,000, resulting in a price per square foot of $778. The seller of the property was 8250 Realty LLC, while the buyer was IRA Capital. The transaction was facilitated by brokers John Krzyminski and Max Krzyminski from JLL.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $7,000,000
- Square Footage: 9,000
- Price per Square Foot: $778
- Seller: 8250 Realty LLC
- Buyer: IRA Capital
- Brokers: John Krzyminski & Max Krzyminski – JLL
The sale of this medical office property at 2565 Cleveland Avenue in Fort Myers was a significant transaction. The involvement of brokers John Krzyminski and Max Krzyminski from JLL demonstrates their role in representing both the buyer and seller throughout the deal. This transaction highlights the demand for medical office properties in the Fort Myers market.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93