Marcus & Millichap Sells Medical Office In Wildwood For $6.7M
5743 Williamsburg Lane, Wildwood, Florida 34785, United States
$6,675,000
$834,375/SF
Building Size
8 SF
Asset Type
—
Closing
May 12, 2022
AI
The medical office property located at 5743 Williamsburg Ln in Wildwood has recently been sold for a price of $6,675,000. The property spans across 2.6 acres and offers a total square footage of 8,705. The sale price per square foot is calculated at $767. The transaction took place on 12/05/2022.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $6,675,000
- Address: 5743 Williamsburg Ln
- Market: Wildwood
- Acres: 2.6
The sale of this medical office property was facilitated by the brokers from Marcus & Millichap, namely Robert Freeman, James Medefind, James Garner, and Jim Shiebler.
Players
Wildwood 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
2.38%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93