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1470 Tileston Road, St. Clo...

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

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

$5,663,903

$217/SF

Building Size

26,000 SF

Asset Type

Industrial

Closing

Mar 29, 2020

AI

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

Marcus & Millichap

Broker

$131.8M

vol

14 deals

Broker

Saint Cloud Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.80%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93