Kamin Realty Sells Retail Property In LaBelle For $6.1M With Broker Michael Cleeman - Cleeman Realty Group
SOLD
$6,100,000
Florida
See Similar DealsRetail52,795 SF
Sold 02/25/2022
SOLD
Kamin Realty Sells Retail Property In LaBelle For $6.1M With Broker Michael Cleeman - Cleeman Realty Group
960 South Main Street, Labelle, Florida 33935, United States
See Similar DealsRetail52,795 SF
Sold 02/25/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$115
Total Square Footage:52,795 SF
Transaction Type:Sale
The retail property located at 960 S Main St in LaBelle, Fort Myers has been sold for a price of $6,100,000. The transaction was completed on 02/25/2022. The property has a total area of 52,795 square feet, resulting in a price per square foot of $116.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,100,000
- Date: 02/25/2022
- Address: 960 S Main St
- Market: LaBelle, Fort Myers
- Seller: Kamin Realty
- Broker: Michael Cleeman - Cleeman Realty Group
Michael Cleeman from Cleeman Realty Group represented Kamin Realty in this sale transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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