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
About this deal
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.
On the Map
$35,400,000
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Players
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