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
About this deal
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.
On the Map
$2,782,591
$662/SF
Retail
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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