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Ashkenaz USA Acquires Beachway Professional Center In Bonita Springs For $14.4M

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SOLD
$14,400,000

Florida

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Office61,702 SF
Sold 07/11/2023
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Property Image
SOLD

Ashkenaz USA Acquires Beachway Professional Center In Bonita Springs For $14.4M

3301 Bonita Beach Rd SW Bonita Springs, FL 34134, USA

See Similar Deals
Office61,702 SF
Sold 07/11/2023
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:61,702 SF
Transaction Type:Sale

Ashkenaz USA has purchased the fully occupied Beachway Professional Center in Bonita Springs for $14.4 million. The office building, located at 3301 Bonita Beach Road Southwest, spans 61,702 square feet and is situated in the Bonita Springs market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $14,400,000
  • Address: 3301 Bonita Beach Road Southwest
  • Market: Bonita Springs
  • Square Footage: 61,702

The buyer, Ashkenaz USA, was represented by Rainer Filthaut of International Realty Corp. in the transaction. On the other hand, the seller, Beachway Professional Center, was represented by Dave Wallace and David Wallace from CRE Consultants. It is noteworthy that CRE Consultants also managed the leasing of the property.

Players

1 deal$14.4M volume(239) 298-1080
BROKER


David Wallace
CRE Consultants
2 deals$20.9M volume(239) 571-7575
BROKER

Details

SOLD
IMAGE: Dave Wallace, Rainer Filthaut & David Wallace DATE: 07/11/2023 ADDRESS: 3301 Bonita Beach Road Southwest MARKET: Bonita Springs ASSET TYPE: Office BUYER: Ashkenaz USA BUYER'S REP: Rainer Filthaut - International Realty Corp. SELLER'S REP: Dave Wallace & David Wallace - CRE Consultants (@CREConsultants) SALE PRICE: $14,400,000 SF: 61,702 ~ PPSF: $233 NOTE: Ashkenaz USA has bought the fully occupied Beachway Professional Center in Bonita Springs for $14.4 million. The 61,702-square-foot office building was represented by Rainer Filthaut of International Realty Corp., with CRE Consultants managing leasing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$768,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,160.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,263.35
Annual Debt Service$819,160.16