James Berkley & Alex Wenzel Acquire Retail Asset In Fort Myers For $19 Million With Brokers Aiden Hawkins & Jake Lurie
12995 South Cleveland Avenue
$19,000,000
$148/SF
Building Size
128,016 SF
Asset Type
Retail
Closing
Nov 30, 2025
About this deal
AI
The retail asset located at 12995 South Cleveland Avenue in Fort Myers has been sold for $19,000,000. This property encompasses approximately 128,016 square feet, resulting in a price per square foot of $148.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,000,000
- Address: 12995 South Cleveland Avenue
- Market: Fort Myers
- Square Footage: 128,016
- Price Per Square Foot: $148
- Buyer: James Berkley & Alex Wenzel
- Brokers: Aiden Hawkins & Jake Lurie - Matthews
James Berkley and Alex Wenzel are the buyers of this retail property. The transaction was facilitated by brokers Aiden Hawkins and Jake Lurie, who are part of Matthews and represented the deal throughout the process.
On the Map
$19,000,000
$148/SF
Retail
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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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93