Reema Bernhardt Acquires Retail Property In Cape Coral From Esteban Madruga For $3.19M
4519 Del Prado Boulevard South
$3,190,000
$134/SF
Building Size
23,800 SF
Asset Type
Retail
Closing
Apr 21, 2026
AI
The property involved in this transaction is a retail asset located at 4515-4527 Del Prado Blvd South in Cape Coral. The sale price of the property was $3,190,000, with a total square footage of 23,800, resulting in a price per square foot of $134.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,190,000
- Address: 4515-4527 Del Prado Blvd South
- Market: Cape Coral
- Square Footage: 23,800
- Price per Square Foot: $134
The buyer of the property is Reema Bernhardt, while the seller is Esteban Madruga. The buyer was represented in the transaction by Alex Henderson and Max Molloy from LSI Companies. The seller was represented by Jonathan De La Rosa from Marcus & Millichap.
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
4.97%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93