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Chase Mayhugh & Justin Ankney Acquire Renaissance Office Center In Fort Myers For $9.675M

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SOLD
$9,675,000

Florida

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Office86,000 SF
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Chase Mayhugh & Justin Ankney Acquire Renaissance Office Center In Fort Myers For $9.675M

9530 Marketplace Road

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Office86,000 SF
Sold
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$112
Total Square Footage:86000 SF
Transaction Type:Sale

The Renaissance Office Center, an 86,000-square-foot institutional-grade asset located at 9530 Marketplace Road in Fort Myers, has been sold for $9,675,000. This office property is strategically situated at the northwest corner of I-75 and Daniels Parkway and comprises 11 units. The price per unit is $879,545 and the price per square foot is $112.

Summary of transaction details:

Chase Mayhugh and Justin Ankney represent the buyers in this transaction while negotiating with Brookwood Financial Partners as the seller. The acquisition was finalized on April 29, 2025, underscoring the active engagement of these key individuals in the commercial real estate market.

Players

Chase Mayhugh
3 deals$22.2M volume(239) 898-9685
BROKER

Justin Ankney
Mayhugh Commercial Advisors
2 deals$14.1M volume(239) 933-5594
BROKER

Chase Mayhugh
3 deals$22.2M volume
BUYER

Justin Ankney
2 deals$14.1M volume
BUYER

SELLER

Details

SOLD
IMAGE: Chase Mayhugh & Justin Ankney DATE: 4/29/2025 ADDRESS: 9530 Marketplace Road MARKET: Fort Myers ASSET TYPE: Office BUYER: Chase Mayhugh & Justin Ankney SELLER: Brookwood Financial Partners BROKERS: Chase Mayhugh & Justin Ankney - Mayhugh Commercial Advisors (@MayhughCommercial) ATTORNEY: Charles Capps - Pavese Law Firm SALE PRICE: $9,675,000 UNITS: 11 ~ PPU: $879,545 SF: 86,000 ~ PPSF: $112 NOTE FROM BROKER: The Renaissance Office Center, an 86,000-square-foot institutional-grade asset, has been acquired by Chase Mayhugh & Justin Ankney for $9,675,000 on April 29, 2025. Strategically positioned at the northwest corner of I-75 and Daniels Parkway, the Renaissance Office Center is recognized for its exceptional finishes, first-class amenities, and roster of nationally recognized, credit-rated tenants.

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

$516,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,373.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,864.44
Annual Debt Service$550,373.23