Brixmor Property Group Inc. Acquires Retail Property In Bonita Springs For $48.5M
3304 Bonita Beach Rd SW, Bonita Springs, FL, USA
$48,500,000
$172/SF
Building Size
281,443 SF
Asset Type
Retail
Closing
May 5, 2021
AI
The retail property located at 3304 Bonita Beach Rd in Bonita Springs has been sold. The transaction took place on 05/06/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $48,500,000
- Address: 3304 Bonita Beach Rd, Bonita Springs
- Market: Bonita Springs
- Square Footage: 281,443
- Price per Square Foot: $172
The buyer of the property was Brixmor Property Group Inc., represented by James M. Taylor Jr. & Angela Aman. The seller was AMCAP Inc. & American International Group Inc. The transaction was facilitated by the brokerage firm Cushman & Wakefield.
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93