Robbins Properties Associates Acquires Property In Lake Mary For $35.4 Million With Seller's Rep Matt Mitchell
SOLD
Florida
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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...
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FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,888,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$125,768.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,814.06
Annual Debt Service$2,013,768.72
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