Grace Ho Acquires Retail Property From Camila Torres In Fort Myers For $1,402,000
16950 Pine Ridge Rd
$1,402,000
$16/SF
Building Size
87,120 SF
Asset Type
Retail
Closing
Dec 16, 2003
About this deal
AI
The property asset is a retail space located at 16950 Pine Ridge Rd, Fort Myers. The sale was executed at a transaction price of $1,402,000. The total square footage of the property encompasses 87,120 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,402,000.00
- Address: 16950 Pine Ridge Rd
- Market: Fort Myers
- Square Footage: 87,120
- Buyer: Grace Ho
- Seller: Camila Torres
- Broker: Arthur Porosoff
This transaction involved Grace Ho as the buyer and Camila Torres as the seller. The deal was brokered by Arthur Porosoff, who represents the interest of the seller in this retail property transaction.
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
11.31%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93