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111 Del Prado Boulevard North

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

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

Jake Lurie

Matthews

Broker

$114.3M

vol

8 deals

Broker
Matthews
Matthews Brokerage

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