SOLDOffice
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
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