facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

16950 Pine Ridge Road

Zachary Thomas Acquires Retail Property In Fort Myers For $4.8M
SOLDRetail

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

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.

Players

Bill Pedersen

Broker

$94.2M

vol

5 deals

Broker

Chris Blume

Seller

$11.7M

vol

2 deals

Seller

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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