Carlos Marco Acquires Office Building In Fort Myers For $1.8M
SOLD
$1,800,000
Florida
See Similar DealsOffice11 SF
Sold 05/12/2022
SOLD
Carlos Marco Acquires Office Building In Fort Myers For $1.8M
3900 Colonial Boulevard, Fort Myers, Florida 33966, United States
See Similar DealsOffice11 SF
Sold 05/12/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$163,636
Total Square Footage:11 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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