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Timothy Hupp Acquires Retail Property In St Cloud For $5.66M

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SOLD
$5,663,903

Florida

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Industrial26,000 SF
Sold 03/30/2020
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Property Image
SOLD

Timothy Hupp Acquires Retail Property In St Cloud For $5.66M

1470 Tileston Road, St. Cloud, FL, USA & 1470 Tileston Road, St. Cloud, FL, USA

See Similar Deals
Industrial26,000 SF
Sold 03/30/2020
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$217
Total Square Footage:26,000 SF
Transaction Type:Sale

Located at 1470 Tileston Rd in St Cloud, this retail property was recently sold in a closed transaction. The property spans over 13,000 square feet and was acquired for a price of $5,663,903. The purchase price per square foot amounted to $435.68. The buyer in this transaction was Timothy Hupp, while Bobby Dan Roberts served as the seller. The deal was facilitated by Lior Regenstreif, representing the parties involved.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $5,663,903
  • Address: 1470 Tileston Rd
  • Market: St Cloud
  • Square Footage: 13,000
  • Price per Square Foot: $435.68
  • Buyer: Timothy Hupp
  • Seller: Bobby Dan Roberts
  • Broker: Lior Regenstreif

Timothy Hupp successfully acquired this retail property located on Tileston Rd. The deal was handled by Lior Regenstreif, who represented both the buyer and the seller. The specific details of the deal were not elaborated further in the available information.

Players

Lior Regenstreif
13 deals$120.6M volume
BROKER

Details

SOLD
IMAGE: Lior Regenstreif @NNNDeal DATE: 03/30/2020 ADDRESS: 1470 Tileston Rd MARKET: St Cloud ASSET TYPE: Retail PRICE: $5,663,903 SF: 13,000 PPSF: $435.68 BUYER: Timothy Hupp SELLER: Bobby Dan Roberts BROKER: Lior Regenstreif

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$302,074.82

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,122.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,849.79
Annual Debt Service$322,197.48