Dylan Fonseca Acquires Retail Property In Fort Myers For $23.4M
SOLD
$23,400,000
Florida
See Similar DealsRetail237,166 SF
Sold 05/30/2024
SOLD
Dylan Fonseca Acquires Retail Property In Fort Myers For $23.4M
13711 South Tamiami Trail & Daniels Parkway
See Similar DealsRetail237,166 SF
Sold 05/30/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$98
Total Square Footage:237,166 SF
Transaction Type:Sale
The retail property located at 13711 Tamiami Trail & 5050/5056 Daniels Parkway in Fort Myers has been sold for a total price of $23,400,000. The property spans 118,583 square feet, resulting in a price per square foot of $197.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $23,400,000
- Buyer: Dylan Fonseca
- Brokers: Mitchell Halpern, Adam Feinstein, & Mark Gilbert - Cushman & Wakefield
The deal was facilitated by brokers Mitchell Halpern, Adam Feinstein, and Mark Gilbert from Cushman & Wakefield, representing the buyer, Dylan Fonseca, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,248,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,135.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,927.94
Annual Debt Service$1,331,135.26
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