Lally's Tropical Real Estate LLC Purchases Property From Mauhi Enterprises Inc For $1.4M
SOLD
Florida
See Similar DealsRetail34,568 SF
SOLD
Lally's Tropical Real Estate LLC Purchases Property From Mauhi Enterprises Inc For $1.4M
4720 SE 15th Ave, Cape Coral, FL, 33...
See Similar DealsRetail34,568 SF
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:34,568 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 4720 SE 15th Ave, Cape Coral, FL, with a total area of 34,568 square feet. The transaction was completed for a price of $1,400,000.00 in the Cape Coral market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,400,000.00
- Address: 4720 SE 15th Ave, Cape Coral, FL
- Market: Cape Coral
- Buyer: Lally's Tropical Real Estate LLC
- Seller: Mauhi Enterprises, Inc
- Buyer's Representative: Debra Lally - Tropical Gulf Investments LLC
- Seller's Representative: Dennis Hrzenak - Hensley Real Estate & Appraiser Co
The key individuals involved in the deal include Debra Lally, representing the buyer Lally's Tropical Real Estate LLC, and Dennis Hrzenak, who represents the seller Mauhi Enterprises, Inc. Both representatives play crucial roles in facilitating the transaction within the Cape Coral market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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