Carlos Marco Acquires Office Building In Fort Myers For $1.8M
3900 Colonial Boulevard, Fort Myers, Florida 33966, United States
$1,800,000
$163,636/SF
Building Size
11 SF
Asset Type
Office
Closing
May 12, 2022
AI
The office property located at 3900 Colonial Blvd in Fort Myers has been sold for a price of $1,800,000. The property spans 11,855 square feet, resulting in a price per square foot of $152. The transaction took place on 12/05/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,800,000
- Address: 3900 Colonial Blvd
- Market: Fort Myers
- Square Footage: 11,855
- Price Per Square Foot: $152
Carlos Marco purchased the property from Brad Cozza, with Brad Cozza representing himself as the seller's broker through Cozza Investment Group.
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