Matt Flores Acquires Retail Space At 16159 Myriad Lane Fort Myers From Don Silverman For $2,782,591
16159 Myriad Lane
$2,782,591
$662/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
May 21, 2026
AI
The retail asset located at 16159 Myriad Lane in the Fort Myers market was sold for $2,782,591. The property spans 4,200 square feet, resulting in a price per square foot of approximately $662.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,782,591
- Address: 16159 Myriad Lane
- Market: Fort Myers
- Square Footage: 4,200
- Price per Square Foot: $662
- Buyer: Matt Flores
- Seller: Don Silverman
- Brokers: Ronnie Issenberg & Gabriel Britti - Marcus & Millichap
Ronnie Issenberg and Gabriel Britti represented the seller, Don Silverman, in this transaction. The involvement of Marcus & Millichap suggests a professional brokerage approach was taken for the sale of the property.
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
5.70%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93