Michael Rupprecht Sells Retail Asset At 101-111 Del Prado Boulevard North For $6.2M
111 Del Prado Boulevard North
$6,200,000
$207/SF
Building Size
29,884 SF
Asset Type
Retail
Closing
Jun 2, 2025
AI
The property asset involved in this transaction is a retail space located at 101-111 Del Prado Boulevard North in Cape Coral. The sale price for the asset is $6,200,000, and it encompasses a total area of 29,884 square feet, resulting in a price per square foot of $207.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 101-111 Del Prado Boulevard North
- Market: Cape Coral
- Square Footage: 29,884
- Price per Square Foot: $207
- Seller: Michael Rupprecht
- Broker Representatives: Aiden Hawkins & Jake Lurie - Matthews Real Estate Investment Services
The deal is represented by Aiden Hawkins and Jake Lurie, both of whom are affiliated with Matthews Real Estate Investment Services, indicating their role as broker representatives for this transaction. Their involvement highlights the professional engagement in facilitating the sale of this retail property.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93