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1021 Santa Barbara Boulevard

Steve Coleman Acquires Retail Property In Cape Coral For $4.7M
SOLDRetail

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

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.

Players

Daniel Gonzalez

Matthews

Broker

$133.2M

vol

18 deals

Broker

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