SOLDRetail
Marcus & Millichap Brokers Sell Retail Asset In Fort Myers For $6.4M
10076 Gulf Center Dr, Fort Myers, FL, USA
$6,400,000
$708/SF
Building Size
9,040 SF
Asset Type
Retail
Closing
Sep 7, 2021
AI
An approximately 9,040 square foot retail property located at 10076 Gulf Center Dr in Fort Myers has been sold for $6,400,000. The property was sold on 09/08/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,400,000
The sale was facilitated by brokers Jim Shiebler, James Garner, and James Medefind from Marcus & Millichap.
Players
Fort Myers Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93