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
About this deal
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.
The retail sale at 10076 Gulf Center Dr, Fort Myers, FL, USA in Fort Myers, Florida sold for $6.4M in 2021. The building is 9,040 square feet, implying about 708 per square foot on the published price. James Medefind, James Garner, Jim Shiebler, CBRE appear on the sale alongside CBRE, Marcus & Millichap. This page is the Fort Myers, Florida file for the 10076 Gulf Center Dr, Fort Myers, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same Fort Myers sit in the Market section below. Filter that Fort Myers retail set by closing date to see what else sold near 10076 Gulf Center Dr, Fort Myers, FL, USA around 2021. Published consideration for 10076 Gulf Center Dr, Fort Myers, FL, USA is $6.4M, dated 2021. Cite this Marcus & Millichap Brokers Sell Retail Asset In Fort Myers For $6.4M sale when underwriting similar retail product around Fort Myers, Florida.
Players
Fort Myers Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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