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
About this deal
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.
On the Map
$10,400,000
$165/SF
Retail
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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