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4797 South Cleveland Avenue

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

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

4797 South Cleveland Avenue

$3,925,000

$175/SF

Building Size

22,320 SF

Asset Type

Retail

Closing

Sep 18, 2025

AI

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

Broker

$344.4M

vol

50 deals

Broker
The Hype Real Estate Group
The Hype Real Estate GroupBrokerage

Joey Agree

Agree Realty

Buyer

$58.4M

vol

4 deals

Buyer

Fort Myers Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.04%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93