Zachary Thomas Acquires Retail Property In Fort Myers For $4.8M
16950 Pine Ridge Road
$4,823,000
$313/SF
Building Size
15,381 SF
Asset Type
Retail
Closing
Mar 17, 2023
About this deal
AI
The retail property located at 16950 Pine Ridge Road in Fort Myers has been sold in a closed transaction. The property spans 15,381 square feet and was sold for a total price of $4,823,000, resulting in a price per square foot of $314.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,823,000
- Address: 16950 Pine Ridge Road
- Market: Fort Myers
Zachary Thomas is the buyer of the property, while Chris Blume is the seller. The sale was facilitated by Daniel Gonzalez, Johnny Blue Craig, Connor Knauer, and Bill Pedersen from Matthews Real Estate Investment Services.
On the Map
$4,823,000
$313/SF
Retail
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Players
Market 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
3.29%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93