Kevin Murphy Of Publix Super Markets Acquires Shoppes At Verdana Village In Estero For $26M
19050 Corkscrew Road
$26,000,000
$333/SF
Building Size
78,000 SF
Asset Type
Retail
Closing
Nov 1, 2026
About this deal
AI
The asset involved in the transaction is a retail property located at 19050 Corkscrew Road in Estero, FL. The property encompasses 78,000 square feet and was sold for a transaction amount of $26,000,000, translating to a price per square foot of $333.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Buyer: Kevin Murphy - Publix Super Markets
- Seller: The Shoppes at Verdana Village LLC
- Square Footage: 78,000
- Price per Square Foot: $333
- Date of Transaction: 11/01/2026
- Market: Estero, FL
Kevin Murphy, representing Publix Super Markets, has acquired the Shoppes at Verdana Village, which includes two outparcels. This strategic acquisition allows Publix to expand its real estate holdings in Southwest Florida and secures ownership of its anchor location along a growing development corridor near the planned 10,000-home Kingston community.
On the Map
$26,000,000
$333/SF
Retail
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Estero 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93