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17800 Ben Hill Griffin Pkwy...

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

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

Brad Peterson

Colliers

Broker

$631.9M

vol

31 deals

Broker
NG
North American Development GroupSeller
M
McDonaldsTenant

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