Hani Nassif Acquires Fort Myers Retail Property For $38M
2021 Topgolf Way
$38,000,000
$791/SF
Building Size
48,000 SF
Asset Type
Retail
Closing
Sep 25, 2023
About this deal
AI
The retail property located at 2021 Topgolf Way in Fort Myers has been sold for a price of $38,000,000. The property spans across 48,000 square feet, resulting in a price per square foot of $792.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $38,000,000
- Address: 2021 Topgolf Way, Fort Myers
- Market: Fort Myers
The buyer of the property is Hani Nassif, while the sellers are Dan and Tom Neary. Marcus & Millichap represented the sellers, with Ricardo Esteves, Gabriel Britti, and Ronnie Issenberg acting as the sellers' representatives in the deal.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93