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188 E Crystal Lake Ave, Lak...

Robbins Properties Associates Acquires Property In Lake Mary For $35.4 Million With Seller's Rep Matt Mitchell
SOLD

Robbins Properties Associates Acquires Property In Lake Mary For $35.4 Million With Seller's Rep Matt Mitchell

188 E Crystal Lake Ave, Lake Mary, FL...

$35,400,000

Building Size

Asset Type

Closing

Nov 20, 2023

AI

The property located at 188 E Crystal Lake Ave, Lake Mary, FL, has been sold for a transaction amount of $35,400,000.00. The total square footage for this asset is not specified. The market for this transaction is Lake Mary.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $35,400,000.00
  • Address: 188 E Crystal Lake Ave, Lake Mary, FL
  • Market: Lake Mary
  • Seller's Representative: Matt Mitchell, Hall Structured Finance
  • Buyer: Robbins Properties Associates

The key individuals involved in this transaction include Matt Mitchell, representing Hall Structured Finance on behalf of the seller, and Robbins Properties Associates, who served as the buyer in this deal.

Players

Tyler Swidler

Berkadia

Broker

$812.2M

vol

10 deals

Broker

Lake Mary 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93