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12995 South Cleveland Avenue

James Berkley & Alex Wenzel Acquire Retail Asset In Fort Myers For $19 Million With Brokers Aiden Hawkins & Jake Lurie
SOLDRetail

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

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:

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.

Players

Jake Lurie

Matthews

Broker

$114.3M

vol

8 deals

Broker
Matthews
Matthews Brokerage
Alex Wenzel

Alex Wenzel

Matthews

Buyer

$19M

vol

2 deals

Buyer

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