Private Investor Acquires Retail Property On Bayshore Rd, North Fort Myers For $8.3M
6694 Bayshore Rd, North Fort Myers...
$8,300,000
$143/SF
Building Size
57,840 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The Publix at Eagle Landing is a 57,840-square-foot, Publix-anchored shopping center located at 6694-6704 Bayshore Road in North Fort Myers. Built in 2012, the shopping center was 88 percent leased at the time of sale to tenants such as Shoreline Vapor, China King, Boutique Nails & Spa, and The Fat Apple. The property sits seven miles north of downtown Fort Myers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000.00
- Address: 6694 Bayshore Rd, North Fort Myers
- Market: North Fort Myers
- Seller's Rep: Steven Miskew, Kyle Stonis, and Pierce Mayson of SRS
- Buyer: Private Investor
Steve Miskew, Kyle Stonis, and Pierce Mayson of SRS represented the seller, VAL Eagle Landing LLC, in the $8.3 million transaction. The buyer of the Publix at Eagle Landing was an undisclosed private investor based in Alabama.
Players
North Fort Myers 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93