Marcus & Millichap Brokers Sell Retail Property In Fort Myers, FL
15235 S Tamiami Trail, Fort Myers, FL, USA
$5,700,000
$270/SF
Building Size
21,080 SF
Asset Type
Retail
Closing
Jul 27, 2020
About this deal
AI
The retail property located at 15235 S Tamiami Trl in Fort Myers, FL has been sold for $5,700,000. The transaction took place on July 27, 2021. The property has a total square footage of 21,080, resulting in a price per square foot of $270. The sale was facilitated by brokers Jim Shiebler, James Medefind, and James Garner of Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Market: Fort Myers, FL
Jim Shiebler, James Medefind, and James Garner from Marcus & Millichap were the brokers involved in the sale. They played a key role in facilitating the transaction between the parties.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93