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
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.
Players
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