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
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