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Joey Agree Of Agree Realty Purchases Retail Asset In Fort Myers From David M. McDonald For $3.925M

Property Image
SOLD
$3,925,000
Pablo Vignolo
Raul Pino
Kevin Perez
+ 1

Florida

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Retail22,320 SF
Sold 09/19/2025
the dealplayerscompscontact
Property Image
SOLD

Joey Agree Of Agree Realty Purchases Retail Asset In Fort Myers From David M. McDonald For $3.925M

4797 South Cleveland Avenue

See Similar Deals
Retail22,320 SF
Sold 09/19/2025
Pablo Vignolo
Raul Pino
Kevin Perez
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$175
Total Square Footage:22,320 SF
Transaction Type:Sale

The retail asset located at 4797 South Cleveland Avenue in Fort Myers has been sold for $3,925,000. This property spans 22,320 square feet, equating to a price per square foot of $175.

Summary of transaction details:

Raul Pino, Kevin Perez, and Pablo Vignolo represented both the seller and the buyer in this transaction. The Hype Real Estate Group successfully facilitated a seamless closing process, showcasing their ongoing dominance in the industrial and retail sectors across multiple states, including Florida, Georgia, North Carolina, Virginia, and the Northeast.

Players

Raul Pino
The Hype Real Estate Group
Raul Pino
50 deals$344.4M volume
BROKER
Pablo Vignolo
The Hype Real Estate Group
Pablo Vignolo
43 deals$285.6M volume
BROKER
Kevin Perez
The Hype Real Estate Group
Kevin Perez
4 deals$9.7M volume(786) 657-6736
BROKER
The Hype Real Estate Group
The Hype Real Estate Group
BROKERAGE
JA
Joey Agree
4 deals$58.4M volume
BUYER
AR
Agree Realty
BUYER

Details

SOLD
IMAGE: Pablo Vignolo, Kevin Perez & Raul Pino DATE: 09/19/2025 ADDRESS: 4797 South Cleveland Avenue MARKET: Fort Myers ASSET TYPE: Retail BUYER: Joey Agree - Agree Realty SELLER: David M. McDonald BROKERS: Raul Pino (@Thewolfofsouthfl), Kevin Perez (@KevinPerez.j) & Pablo Vignolo (@Hypepabs) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $3,925,000 SF: 22,320 ~ PPSF: $175 NOTE FROM BROKER: Another successful off-market transaction closed. Hype had the honor of representing both the Seller and Buyer, ensuring a seamless closing from start to finish. Our team continues to dominate the industrial and retail space, actively sourcing exclusive opportunities across Florida, Georgia, North Carolina, Virginia, and the Northeast. With flagship offices in Miami and New York, we are building connections and delivering results that stand out in today’s competitive market. Proud to be ranked on the Inc. 5000 list of America’s fastest-growing companies. For similar opportunities, reach out to Raul Pino or Pablo Vignolo at [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$209,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03