Steve Coleman Acquires Retail Property In Cape Coral For $4.7M
1021 Santa Barbara Boulevard
$4,658,095
$1,617/SF
Building Size
2,880 SF
Asset Type
Retail
Closing
Nov 6, 2023
About this deal
AI
The retail property located at 1021 Santa Barbara Boulevard in Cape Coral has been sold in a transaction facilitated by Jake Lurie and Daniel Gonzalez of Matthews Real Estate Investment Services. The property spans a total of 2,880 square feet and was acquired by Steve Coleman for a total sale price of $4,658,095. With a price per square foot of $1,617, this transaction represents a significant investment in the Cape Coral market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,658,095
- Square Footage: 2,880
- Address: 1021 Santa Barbara Boulevard, Cape Coral
- Market: Cape Coral
Steve Coleman was the buyer in this transaction, while Jake Lurie and Daniel Gonzalez of Matthews Real Estate Investment Services represented both parties as brokers. Their expertise and guidance contributed to the successful completion of this deal.
On the Map
$4,658,095
$1,617/SF
Retail
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Players
Cape Coral 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93