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1606 Skyline Boulevard

Peter Petrakis Acquires Retail Property On Skyline Boulevard In Cape Coral For $1.95M
SOLDRetail

Peter Petrakis Acquires Retail Property On Skyline Boulevard In Cape Coral For $1.95M

1606 Skyline Boulevard

$1,950,000

$617/SF

Building Size

3,157 SF

Asset Type

Retail

Closing

Dec 29, 2023

AI

The retail property located at 1606 Skyline Boulevard in Cape Coral has been sold for $1,950,000. The property spans over 3,157 square feet, resulting in a price per square foot of $618. The transaction took place on 12/29/2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,950,000
  • Square Footage: 3,157
  • Price per Square Foot: $618
  • Address: 1606 Skyline Boulevard
  • Market: Cape Coral

Peter Petrakis purchased the property from Daniel Cohen. The deal was facilitated by Nick Hahn, Chad Kurz, and Kevin Puder of Matthews Real Estate Investment Services.

Players

Chad Kurz

Matthews

Broker

$80.8M

vol

11 deals

Broker

Daniel Cohen

Seller

$36.7M

vol

10 deals

Seller

Cape Coral 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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93