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16159 Myriad Lane

Matt Flores Acquires Retail Space At 16159 Myriad Lane Fort Myers From Don Silverman For $2,782,591
SOLDRetail

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

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 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

5.70%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93