Day: May 6, 2024

Multi-tenant retail/restaurant sells in Cape Coral

Aerial view of a commercial property highlighted in red along a main road, surrounded by other buildings and a residential neighborhood.

Mayhugh Commercial Advisors recently facilitated the sale of a multi-tenant retail/restaurant building located at 3030-3038 Del Prado Blvd. The property was sold for $1,368,000, reflecting a 5.76% CAP rate and a value of $228 per square foot. In this transaction, Mayhugh Commercial Advisors represented the seller. This property presents a rare investment opportunity, featuring a […]

Mixed-use property sells in Bokeelia, FL

Aerial view of a plot of land near a road, highlighted in red, with buildings and trees in the background.

Mayhugh Commercial Advisors recently completed the transaction of a multi-tenant office building located at 5041 Pine Island Rd. The property was sold for $1,800,000, reflecting a 5.53% CAP rate and a value of $387 per square foot. Representing both the buyer and the seller, this income-generating office property offers significant potential for development. The anchor […]