Meadowcreek Investments Acquires Office In Fort Myers For $8.9M
SOLD
$8,900,000
Florida
See Similar DealsOffice65,252 SF
Sold 03/01/2022
SOLD
Meadowcreek Investments Acquires Office In Fort Myers For $8.9M
2675 Winkler Avenue, Fort Myers, Florida 33901, United States
See Similar DealsOffice65,252 SF
Sold 03/01/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$136
Total Square Footage:65,252 SF
Transaction Type:Sale
The office property located at 2675 Winkler Ave in Fort Myers has been sold for $8,900,000. The property spans 65,252 square feet, resulting in a price per square foot of $136. The transaction took place on March 1, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,900,000
- Address: 2675 Winkler Ave
- Market: Fort Myers
- Square Footage: 65,252
- Price per Square Foot: $136
Meadowcreek Investments LLC purchased the property from DKM Property Holdings LLC. Representing the buyer were Jim Doane and George Vukobratovich from Welsh Properties Florida Inc. Adam Palmer from LandQwest acted as the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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