Fortec Acquires Retail Property In Naples For $3.345M
SOLD
$3,345,000
Florida
See Similar DealsRetail3,798 SF
Sold 12/17/2021
SOLD
Fortec Acquires Retail Property In Naples For $3.345M
6051 Bayshore Dr, Naples, FL 34112
See Similar DealsRetail3,798 SF
Sold 12/17/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$880
Total Square Footage:3,798 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,884.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,857.01
Annual Debt Service$190,284.08
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