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
$6,100,000
$115/SF
Building Size
52,795 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
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.
Players
Labelle 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93