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2609 Santa Barbara Blvd, Ca...

Marcus & Millichap Sells Medical Office In Cape Coral For $3.7M
SOLDOffice

Marcus & Millichap Sells Medical Office In Cape Coral For $3.7M

2609 Santa Barbara Blvd, Cape Coral, FL 33914, USA

$3,700,000

$53/SF

Building Size

69,500 SF

Asset Type

Office

Closing

Sep 24, 2020

AI

2609 Santa Barbara Blvd N. in Cape Coral has been sold for $3,700,000. This medical office property spans 6,950 square feet and was purchased at a price of $532 per square foot.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $3,700,000
  • Address: 2609 Santa Barbara Blvd N.
  • Market: Cape Coral

The deal was facilitated by a team of brokers from Marcus & Millichap. The brokers involved in the transaction are Jim Shiebler, Barry M. Wolfe, James Garner, and James Medefind.

Players

Barry Wolfe

Marcus & Millichap

Broker

$118.5M

vol

16 deals

Broker

Cape Coral 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93