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15250 S Tamiami Trail, Fort...

Lawrence Aaronson Acquires Property At 15250 S Tamiami Trail Fort Myers For $8.1M
SOLDRetail

Lawrence Aaronson Acquires Property At 15250 S Tamiami Trail Fort Myers For $8.1M

15250 S Tamiami Trail, Fort Myers, FL...

$8,100,000

$71/SF

Building Size

113,617 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property at 15250 S Tamiami Trail, Fort Myers, FL is situated in the Fort Myers market. It has a sale price of $8,100,000.00 and encompasses a total area of 113,617 square feet.

Summary of transaction details:

This transaction involved key representatives who facilitated the deal. Bruce Micciche from LandQwest Commercial represented the buyer, while Chase Mayhugh from Mayhugh Commercial Advisors acted as the representative for the seller. Their roles were crucial in concluding this real estate transaction.

Players

Chase Mayhugh

Mayhugh Commercial Advisors

Broker

$77.2M

vol

4 deals

Broker

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

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93