James Berkley & Alex Wenzel Acquire Retail Asset In Fort Myers For $19 Million With Brokers Aiden Hawkins & Jake Lurie
SOLD
$19,000,000
Florida
See Similar DealsRetail128,016 SF
Sold 12/01/2025
SOLD
James Berkley & Alex Wenzel Acquire Retail Asset In Fort Myers For $19 Million With Brokers Aiden Hawkins & Jake Lurie
12995 South Cleveland Avenue
See Similar DealsRetail128,016 SF
Sold 12/01/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:128,016 SF
Transaction Type:Sale
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.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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