Mark Ruble & Doug Kinson Acquires Clermont Medical Office For $11.25M
509 Cagan View Road, Clermont, Florida 34714, United States
$11,250,000
$450/SF
Building Size
25,000 SF
Asset Type
—
Closing
Apr 24, 2022
About this deal
AI
Located at 509 Cagan View Road in Clermont, this medical office property spans across 2.72 acres. The transaction was finalized on 04/25/2022, and the property was sold for a total of $11,250,000. The medical office building encompasses 25,000 square feet, which equates to a price per square foot of $450. The property was represented by Doug Kinson and Mark Ruble from Marcus & Millichap.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $11,250,000
- Address: 509 Cagan View Road
- Market: Clermont
- Acres: 2.72
- Square Footage: 25,000
- Price per Square Foot: $450
Doug Kinson and Mark Ruble, from Marcus & Millichap, facilitated the sale of this medical office property. Their involvement ensured a successful transaction for all parties involved.
Players
Clermont 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93