Fortec Acquires Retail Property In Naples For $3.345M
6051 Bayshore Dr, Naples, FL 34112
$3,345,000
$880/SF
Building Size
3,798 SF
Asset Type
Retail
Closing
Dec 17, 2021
About this deal
AI
A retail property located at 6051 Bayshore Drive in Naples has recently been sold for $3,345,000. The property spans 3,798 square feet, resulting in a price per square foot of $881. The transaction took place on 12/17/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,345,000
- Address: 6051 Bayshore Drive
- Market: Naples
The sale of this retail property was handled by Fortec, with Pablo M Barreiro of Inwood Properties acting as the broker representative.
The retail sale at 6051 Bayshore Dr, Naples, FL 34112 in Miami, Florida sold for $3.3M in 2021. The building is 3,798 square feet, implying about 880 per square foot on the published price. Named participants on the 6051 Bayshore Dr, Naples, FL 34112 sale are Pablo M Barreiro. This page is the Miami, Florida file for the 6051 Bayshore Dr, Naples, FL 34112 retail sold: pricing, party profiles, and other closed retail comps from the same Miami sit in the Market section below. Filter that Miami retail set by closing date to see what else sold near 6051 Bayshore Dr, Naples, FL 34112 around 2021. Published consideration for 6051 Bayshore Dr, Naples, FL 34112 is $3.3M, dated 2021. Cite this Fortec Acquires Retail Property In Naples For $3.345M sale when underwriting similar retail product around Miami, Florida.
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Miami 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
4.74%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93