Ford & Sons Real Estate Investors Acquires Retail Property In Port Charlotte From RCG Ventures For $8.8M
SOLD
$8,800,000
+ 1
Florida
See Similar DealsRetail91,498 SF
Sold 05/09/2022
SOLD
Ford & Sons Real Estate Investors Acquires Retail Property In Port Charlotte From RCG Ventures For $8.8M
1441 Tamiami Trail, Port Charlotte, Florida 33948, United States
See Similar DealsRetail91,498 SF
Sold 05/09/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$96
Total Square Footage:91,498 SF
Transaction Type:Sale
Ford & Sons Real Estate Investors has acquired a retail property located at 1441 Tamiami Trl in Port Charlotte. The transaction, facilitated by Bryan Belk, John Tennant, Chris Adams, and Sam Roe of Franklin Street, involved a sale price of $8,800,000. The property spans a total of 91,498 square feet, resulting in a price per square foot of $96. The seller in this deal was RCG Ventures.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,800,000
- Address: 1441 Tamiami Trl
- Market: Port Charlotte
- Buyer: Ford & Sons Real Estate Investors
- Seller: RCG Ventures
- Broker: Bryan Belk, John Tennant, Chris Adams, and Sam Roe - Franklin Street
- Square Footage: 91,498
- Price per Square Foot: $96
Ford & Sons Real Estate Investors, represented by Bryan Belk, John Tennant, Chris Adams, and Sam Roe of Franklin Street, successfully completed this retail property transaction in Port Charlotte.
Players
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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