Patagonian Holdings LLC Acquires Retail Property In Cape Coral For $7M
2336 Surfside Blvd, Cape Coral, FL, USA
$7,000,000
$59/SF
Building Size
117,566 SF
Asset Type
Retail
Closing
May 3, 2021
AI
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
Cape Coral 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93