Updated Oct 28, 2024
Delta Construction Sells 535 Pre Construction Single Family Residences In North East & North West Cape Coral For $155.15M
Cape Coral, Florida, United States
$155,150,000
$172/SF
Building Size
900,405 SF
Asset Type
Single Family Residence
Closing
Aug 2, 2022
About this deal
AI
Delta Construction has sold a portfolio of 535 pre-construction single-family residences in North East & North West Cape Coral. The sale, facilitated by Brad Cozza of Cozza Investment Group, was completed for a total price of $155,150,000, with each residence having an average square footage of 900,405 and a price per square foot of $172.
Summary of transaction details
- Property Type: 535 Pre Construction Single Family Residences
- Transaction Amount: $155,150,000
- Market: North East & North West Cape Coral
- Seller: Delta Construction
- Broker: Brad Cozza - Cozza Investment Group
The deal was closed on 8th March 2022, and the properties are located in the North East & North West Cape Coral market. The seller, Delta Construction, enlisted the services of Brad Cozza from Cozza Investment Group as their broker representative in the transaction.
On the Map
$155,150,000
$172/SF
Single Family Residence
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Players
Cape Coral Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $172 per square foot on a published $155.2M for 900,405 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93