InvenTrust Properties Acquires Retail Property In Bonita Springs For $10.4M
27251 Bay Landing Drive, Bonita Springs, Florida 34135, United States
$10,400,000
$165/SF
Building Size
63,000 SF
Asset Type
Retail
Closing
May 11, 2022
AI
Located in Bonita Springs, the retail property at 27251 Bay Landing Dr was recently sold in a transaction. The property spans a total area of 63,000 square feet and is situated in a bustling market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,400,000
- Date: 05/12/2022
- Market: Bonita Springs
The buyer, InvenTrust Properties, acquired the property from the seller, Barron Collier Cos., for a price of $10,400,000. The deal was facilitated by Anthony Blanco, Mallory Silva, and Nick Ureta from TSCG, who acted as brokers in the transaction.
Players
Bonita Springs 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93