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IRA Capital Acquires Medical Office In Fort Myers For $7M From Seller 8250 Realty LLC

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SOLD
$7,000,000

Florida

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Office90,000 SF
Sold 07/30/2020
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SOLD

IRA Capital Acquires Medical Office In Fort Myers For $7M From Seller 8250 Realty LLC

2565 Cleveland Ave, Fort Myers, FL 33901, USA

See Similar Deals
Office90,000 SF
Sold 07/30/2020
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$77
Total Square Footage:90,000 SF
Transaction Type:Sale

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 KrzyminskiJLL

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

John Krzyminski
12 deals$155.7M volume(708) 289-8115
BROKER

Max Krzyminski
Green Towers Realty
12 deals$155.7M volume(708) 289-1115
BROKER

IRA Capital
BUYER

Details

SOLD
IMAGE: John Krzyminski & Max Krzyminski⁠ DATE: 07/30/2020⁠ ADDRESS: 2565 Cleveland Avenue⁠ MARKET: Fort Myers⁠ ASSET TYPE: Medical Office⁠ PRICE: $7,000,000⁠ SF: 9,000⁠ PPSF: $778⁠ SELLER: 8250 Realty LLC⁠ BUYER: IRA Capital⁠ BROKERS: John Krzyminski & Max Krzyminski – JLL⁠

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
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