Forge Capital Partners Acquires Retail Property In Fort Myers For $15.5M
6900 Daniels Parkway, Fort Myers, FL, USA
$15,500,000
$138/SF
Building Size
112,003 SF
Asset Type
Retail
Closing
Mar 15, 2021
About this deal
AI
A retail property located at 6900 Daniels Parkway in Fort Myers has been sold for $15,500,000. The property spans 112,003 square feet and is situated on 15.9 acres. The price per square foot is approximately $138, while the price per acre amounts to $974,843. The transaction took place on March 16, 2021. The buyer of the property is Forge Capital Partners, while the sellers are EverWest Real Estate Investors LLC and Stiles Corporation. The deal was facilitated by JLL Capital Markets, with Danny Finkle, Luis Castillo, and Eric Williams representing the brokerage.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,500,000
- Address: 6900 Daniels Parkway, Fort Myers
- Square Footage: 112,003
- Price per Square Foot: $138
- Acres: 15.9
- Price per Acre: $974,843
- Market: Fort Myers
The sale of this retail property was mediated by JLL Capital Markets, with Danny Finkle, Luis Castillo, and Eric Williams serving as the brokers representing Forge Capital Partners, the buyer. On the seller's side, EverWest Real Estate Investors LLC and Stiles Corporation were involved in the transaction.
Players
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93