Dylan Fonseca Acquires Retail Property In Fort Myers For $23.4M
13711 South Tamiami Trail & Daniels Parkway
$23,400,000
$98/SF
Building Size
237,166 SF
Asset Type
Retail
Closing
May 30, 2024
AI
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.
Players
Fort Myers 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93