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North American Development Group Sells Retail Property In Fort Myers For $4.4M With Buyer's Rep Brad Peterson, Michael Brewster & Joseph Naas - JLL

Property Image
SOLD
$4,400,000

Florida

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Retail3,945 SF
Sold 02/18/2021
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Property Image
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 Deals
Retail3,945 SF
Sold 02/18/2021
Contact now

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

Brad Peterson
31 deals$631.9M volume
BROKER

Michael Brewster
Colliers
10 deals$191.1M volume(813) 758-8797
BROKER

Joseph Naas
JLL
2 deals$5.5M volume
BROKER

SELLER

Details

SOLD
IMAGE: Joseph Naas, Michael Brewster & Brad Peterson DATE: 02/18/2021 ADDRESS: 17800 Ben Hill Griffin Pkwy MARKET: Fort Myers ASSET TYPE: Retail SELLER: North American Development Group BROKERS: Brad Peterson, Michael Brewster & Joseph Naas - JLL TENANT: @McDonalds PRICE: $4,400,000 SF: 3,945 ~ PPSF: $1,115

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Deal Type
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