North American Development Group Sells Retail Property In Fort Myers For $4.4M With Buyer's Rep Brad Peterson, Michael Brewster & Joseph Naas - JLL
SOLD
$4,400,000
Florida
See Similar DealsRetail3,945 SF
Sold 02/18/2021
SOLD
North American Development Group Sells Retail Property In Fort Myers For $4.4M With Buyer's Rep Brad Peterson, Michael Brewster & Joseph Naas - JLL
17800 Ben Hill Griffin Pkwy, Fort Myers, FL, USA
See Similar DealsRetail3,945 SF
Sold 02/18/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,115
Total Square Footage:3,945 SF
Transaction Type:Sale
The retail property located at 17800 Ben Hill Griffin Pkwy in Fort Myers has been sold for $4,400,000. The property spans 3,945 square feet and has a price per square foot of $1,115. The transaction took place on February 18, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Square footage: 3,945
- Price per square foot: $1,115
- Address: 17800 Ben Hill Griffin Pkwy
- Market: Fort Myers
The seller of the retail property was North American Development Group. The brokers representing the transaction were Brad Peterson, Michael Brewster, and Joseph Naas from JLL. The tenant associated with the property is McDonald's.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
Is there something missing? Send suggestions