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1441 Tamiami Trail, Port Ch...

Ford & Sons Real Estate Investors Acquires Retail Property In Port Charlotte From RCG Ventures For $8.8M
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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

Bryan Belk

Franklin Street

Broker

$167.6M

vol

11 deals

Broker
FI
Ford & Sons Real Estate InvestorsBuyer

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