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
$4,400,000
$1,115/SF
Building Size
3,945 SF
Asset Type
Retail
Closing
Feb 17, 2021
AI
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
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93