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Forge Capital Partners Acquires Retail Property In Fort Myers For $15.5M

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SOLD
$15,500,000

Florida

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Retail112,003 SF
Sold 03/16/2021
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Property Image
SOLD

Forge Capital Partners Acquires Retail Property In Fort Myers For $15.5M

6900 Daniels Parkway, Fort Myers, FL, USA

See Similar Deals
Retail112,003 SF
Sold 03/16/2021
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$138
Total Square Footage:112,003 SF
Transaction Type:Sale

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

Danny Finkle
57 deals$3.9B volume
BROKER

Luis Castillo
JLL
54 deals$1.8B volume(305) 495-5969
BROKER

Eric Williams
Newmark
52 deals$2.8B volume
BROKER

BUYER


Details

SOLD
IMAGE: Danny Finkle, Luis Castillo & Eric Williams DATE: 03/16/2021 ADDRESS: 6900 Daniels Parkway MARKET: Fort Myers ASSET TYPE: Retail BUYER: Forge Capital Partners SELLER: EverWest Real Estate Investors LLC & Stiles Corporation BROKERS: Danny Finkle, Luis Castillo & Eric Williams - JLL Capital Markets PRICE: $15,500,000 SF: 112,003 ~ PPSF: $138 ACRES: 15.9 ~ PPA: $974,843

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
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