Updated Oct 28, 2024
Publix Super Markets Acquires Development Site In Westlake For $9.1M
5075 Seminole Pratt Whitney Road, Westlake, FL, USA
$9,100,000
$65/SF
Building Size
140,000 SF
Asset Type
Development Site
Closing
Jul 27, 2020
About this deal
AI
Publix Super Markets has acquired a development site in Westlake, Florida. The property, located at 5075 Seminole Pratt Whitney Road, was purchased from Minto Communities for a total sale price of $9,100,000. The site spans 20 acres, resulting in a price per acre (PPA) of $455,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,100,000
- Address: 5075 Seminole Pratt Whitney Road, Westlake, Florida
- Buyer: Publix Super Markets
- Seller: Minto Communities
- Market: Westlake
- Acres: 20
- Price per Acre (PPA): $455,000
The transaction took place on July 27, 2021, and Todd Jones represented Publix Super Markets in the deal as their broker's representative.
On the Map
$9,100,000
$65/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93