Chase Mayhugh & Justin Ankney Acquire Renaissance Office Center In Fort Myers For $9.675M
9530 Marketplace Road
$9,675,000
$112/SF
Building Size
86,000 SF
Asset Type
Office
Closing
Apr 28, 2025
AI
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:
- Property Type: Office
- Transaction Amount: $9,675,000
- Units: 11
- Square Footage: 86,000
- Price Per Unit: $879,545
- Price Per Square Foot: $112
- Buyer: Chase Mayhugh & Justin Ankney
- Seller: Brookwood Financial Partners
- Broker: Chase Mayhugh & Justin Ankney - Mayhugh Commercial Advisors
- Attorney: Charles Capps - Pavese Law Firm
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
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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93