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
Cape Coral Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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