Marcus & Millichap Brokers Sell Retail Asset In Fort Myers For $6.4M
SOLD
$6,400,000
Florida
See Similar DealsRetail9,040 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Asset In Fort Myers For $6.4M
10076 Gulf Center Dr, Fort Myers, FL, USA
See Similar DealsRetail9,040 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$708
Total Square Footage:9040 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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