Blake Morar Of Scenic Sotheby's International Realty Acquires Land In Santa Rosa Beach For $6.5M
239 W Bermuda Dr, Santa Rosa Beach, FL 32459
$6,500,000
Building Size
—
Asset Type
—
Closing
Apr 17, 2023
About this deal
AI
The recently closed property transaction in Santa Rosa Beach involved the sale of a land asset located at 239 W Bermuda Dr. The property spans approximately 0.57 acres, offering a promising investment opportunity in this desirable market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,500,000
- Market: Santa Rosa Beach
- Buyer's Representative: Blake Morar - Scenic Sotheby's International Realty
- Seller's Representative: Brad Hilderbrand - Coastal Abode
Blake Morar of Scenic Sotheby's International Realty represented the buyer in this transaction, while Brad Hilderbrand of Coastal Abode acted as the seller's representative. The deal was successfully closed on 03/24/2023, showcasing the expertise and professionalism of these renowned real estate professionals.
On the Map
$6,500,000
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Players
Santa Rosa Beach 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93