Florida TI Apartments Acquires Retail Property In Immokalee For $3M
1004 North 15th Street, Immokalee, Florida 34142, United States
$3,000,000
$416/SF
Building Size
7,205 SF
Asset Type
Retail
Closing
Mar 2, 2022
About this deal
AI
Florida TI Apartments has acquired a retail property located at 1004 N. 15th St. in Immokalee. The property covers an area of 1.04 acres and offers approximately 7,205 square feet of space. The transaction was facilitated by William Wamble of SRS Real Estate Partners, who represented the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 7,205
- Price per Square Foot: $416
- Address: 1004 N. 15th St., Immokalee
- Market: Immokalee
This successful transaction showcases the expertise of William Wamble from SRS Real Estate Partners in representing Florida TI Apartments in their acquisition of the retail property in Immokalee. The deal was finalized on March 3, 2022.
Immokalee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit William Wamble to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93