Carlos Marco Acquires Office In Fort Myers For $1.8M
3900 Colonial Blvd
$1,800,000
$151/SF
Building Size
11,855 SF
Asset Type
Office
Closing
Dec 5, 2022
About this deal
AI
Carlos Marco has purchased an office property located at 3900 Colonial Blvd in Fort Myers. The property has a total area of 11,855 square feet, and the sale price was $1,800,000, resulting in a price per square foot of $152.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,800,000
- Buyer: Carlos Marco
- Seller: Brad Cozza
- Broker: Brad Cozza - Cozza Investment Group
The transaction took place on [DATE]. Brad Cozza, from Cozza Investment Group, represented both the buyer and seller in the deal.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93