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Michael Rupprecht Sells Retail Asset At 101-111 Del Prado Boulevard North For $6.2M

Property Image
SOLD
$6,200,000

Florida

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Retail29,884 SF
Sold 06/02/2025
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Property Image
SOLD

Michael Rupprecht Sells Retail Asset At 101-111 Del Prado Boulevard North For $6.2M

111 Del Prado Boulevard North

See Similar Deals
Retail29,884 SF
Sold 06/02/2025
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$207
Total Square Footage:29,884 SF
Transaction Type:Sale

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

Jake Lurie
7 deals$106.3M volume(561) 512-1658
BROKER

Aiden Hawkins
Matthews
4 deals$85.2M volume(305) 394-5735
BROKER

Matthews
BROKERAGE

Details

SOLD
IMAGE: Jake Lurie & Aiden Hawkins DATE: 6/2/2025 ADDRESS: 101-111 Del Prado Boulevard North MARKET: Cape Coral ASSET TYPE: Retail SELLER: Michael Rupprecht BROKERS: Aiden Hawkins & Jake Lurie - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $6,200,000 SF: 29,884 ~ PPSF: $207

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96