Jill White Acquires Vacant Commercial Property In Clearwater Beach, FL For $5.2M
SOLD
$5,242,500
Florida
See Similar DealsCommercial
Sold 03/10/2022
SOLD
Jill White Acquires Vacant Commercial Property In Clearwater Beach, FL For $5.2M
12 Idlewild Street, Clearwater Beach, Florida 33767, United States
See Similar DealsCommercial
Sold 03/10/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
A vacant commercial property located at 12 Idlewild St in Clearwater Beach, FL has been sold in a recent transaction. The property, with an address in Clearwater Beach, FL, was sold on 03/10/2022 for a price of $5,242,500.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $5,242,500
- Market: Clearwater Beach, FL
The buyer of the property is Jill White, while the sellers are Mehrdad Moshtagh & Kianoush Moshtagh. No additional information about the deal or the individuals involved is available.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$279,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,625.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,852.12
Annual Debt Service$298,225.50
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