SOLDRetail
Trifon Houvardas Acquires Retail Property In Cape Coral For $12.3M With Daniel Gonzalez As Buyer's Representative
2354 Surfside Boulevard
$12,150,000
$103/SF
Building Size
117,566 SF
Asset Type
Retail
Closing
Jun 3, 2026
AI
The asset involved in this transaction is a retail property located at 2354 Surfside Boulevard in the Cape Coral market. The sale was completed for a price of $12,300,000. The property encompasses a total area of 117,566 square feet, which equates to a price per square foot of $105.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,300,000
- Address: 2354 Surfside Boulevard
- Market: Cape Coral
- Square Footage: 117,566
- Price per Square Foot: $105
- Buyer: Trifon Houvardas
- Seller: Antonio Brown
- Buyer's Representatives: Daniel Gonzalez - Matthews; Trifon Houvardas - Foresight Property Services
- Seller's Representatives: Matt Fredrickson & Doug Olsen - Trinity Commercial Group
Key individuals in this transaction include buyer Trifon Houvardas, who also represents himself through Foresight Property Services, and seller Antonio Brown. The selling process involved representation from Matt Fredrickson and Doug Olsen, both affiliated with Trinity Commercial Group, ensuring professional brokerage support throughout the transaction.
Players
Trinity Commercial GroupBrokerage
Cape Coral 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93