Meadowcreek Investments Acquires Office In Fort Myers For $8.9M
2675 Winkler Avenue, Fort Myers, Florida 33901, United States
$8,900,000
$136/SF
Building Size
65,252 SF
Asset Type
Office
Closing
Feb 28, 2022
AI
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.
Players
Fort Myers 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93