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

Property Image
SOLD
$1,950,000
Kevin Puder
Chad Kurz
Nick Hahn
+ 1

Florida

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Retail3,157 SF
Sold 12/29/2023
the dealplayerscompscontact
Property Image
SOLD

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

1606 Skyline Boulevard

See Similar Deals
Retail3,157 SF
Sold 12/29/2023
Kevin Puder
Chad Kurz
Nick Hahn
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$617
Total Square Footage:3,157 SF
Transaction Type:Sale

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
Chad Kurz
11 deals$80.8M volume
BROKER
Nick Hahn
Matthews
Nick Hahn
4 deals$16.7M volume(951) 847-4541
BROKER
Kevin Puder
Matthews
Kevin Puder
4 deals$6.8M volume(562) 841-1789
BROKER
DC
Daniel Cohen
10 deals$36.7M volume
SELLER
DC
Daniel Cohen
10 deals$36.7M volume
SELLER

Details

SOLD
IMAGE: Chad Kurz, Nick Hahn & Kevin Puder DATE: 12/29/2023 ADDRESS: 1606 Skyline Boulevard MARKET: Cape Coral ASSET TYPE: Retail BUYER: Peter Petrakis SELLER: Daniel Cohen BROKERS: Nick Hahn (@N_hahn), Chad Kurz & Kevin Puder - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $1,950,000 SF: 3,157 ~ PPSF: $618

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94