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Patagonian Holdings LLC Acquires Retail Property In Cape Coral For $7M

Property Image
SOLD
$7,000,000

Florida

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Retail117,566 SF
Sold 05/04/2021
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Property Image
SOLD

Patagonian Holdings LLC Acquires Retail Property In Cape Coral For $7M

2336 Surfside Blvd, Cape Coral, FL, USA

See Similar Deals
Retail117,566 SF
Sold 05/04/2021
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:117,566 SF
Transaction Type:Sale

Patagonian Holdings LLC has acquired a retail property located at 2336 Surfside Blvd in Cape Coral. The transaction took place on May 4, 2021, with a sale price of $7,000,000. The property spans a total area of 117,566 square feet, resulting in a price per square foot of $60. Kevin Yaryan, Kyle Stonis, and Pierce Mayson from SRS’ Investment Properties Group represented Patagonian Holdings LLC as brokers in this deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Address: 2336 Surfside Blvd, Cape Coral
  • Square Footage: 117,566
  • Price per Square Foot: $60
  • Buyer: Patagonian Holdings LLC
  • Brokers: Kevin Yaryan, Kyle Stonis, and Pierce Mayson - SRS’ Investment Properties Group

The involvement of Kevin Yaryan, Kyle Stonis, and Pierce Mayson as brokers on behalf of Patagonian Holdings LLC highlights their role in facilitating the transaction. Their expertise and representation ensured a successful acquisition of the retail property at 2336 Surfside Blvd. This deal serves as a significant milestone for both the buyer and the sellers involved.

Players

Kevin Yaryan
8 deals$62.7M volume
BROKER

Kyle Stonis
Matthews
17 deals$235.4M volume(770) 329-5065
BROKER

Pierce Mayson
Matthews
18 deals$242.4M volume(770) 241-2232
BROKER

Details

SOLD
IMAGE: Pierce Mayson, Kyle Stonis & Kevin Yaryan DATE: 05/04/2021 ADDRESS: 2336 Surfside Blvd MARKET: Cape Coral ASSET TYPE: Retail BUYER: Patagonian Holdings LLC BROKERS: Kevin Yaryan, Kyle Stonis & Pierce Mayson - SRS’ Investment Properties Group PRICE: $7,000,000 SF: 117,566 ~ PPSF: $60

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85