Marcus & Millichap Sells Medical Office In Cape Coral For $3.7M
SOLD
$3,700,000
+ 1
Florida
See Similar DealsOffice69,500 SF
Sold 09/25/2020
SOLD
Marcus & Millichap Sells Medical Office In Cape Coral For $3.7M
2609 Santa Barbara Blvd, Cape Coral, FL 33914, USA
See Similar DealsOffice69,500 SF
Sold 09/25/2020
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$53
Total Square Footage:69,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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