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11300 66th St N, Largo, FL,...

Douglas Hirsh Enterprises Acquires Largo Property From Kimball Key LLC For $20.4 Million
SOLD

Douglas Hirsh Enterprises Acquires Largo Property From Kimball Key LLC For $20.4 Million

11300 66th St N, Largo, FL, 33773

$20,400,000

$122/SF

Building Size

166,208 SF

Asset Type

Closing

Nov 22, 2023

AI

The property asset involved in the transaction is located at 11300 66th St N, Largo, FL, 33773. The transaction was completed for a price of $20,400,000.00 and encompasses a total area of 166,208 square feet, situated in the Largo market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $20,400,000.00
  • Address: 11300 66th St N, Largo, FL, 33773
  • Market: Largo
  • Seller: Kimball Key LLC
  • Buyer: Douglas Hirsh Enterprises
  • Seller's Representative: Michael Cregan (CBRE)

This transaction involved Douglas Hirsh Enterprises as the buyer, acquiring the property from Kimball Key LLC, with the representation of Michael Cregan from CBRE serving as the seller's representative in this deal.

Players

Michael Cregan

CBRE

Broker

$195.9M

vol

7 deals

Broker
KL
Kimball Key LLCSeller

Largo CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93