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
About this deal
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.
On the Map
$8,800,000
$96/SF
Retail
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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