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
$8,800,000
$96/SF
Building Size
91,498 SF
Asset Type
Retail
Closing
May 8, 2022
AI
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
Port Charlotte 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93