Updated Oct 29, 2024
4 H Ranch LLC Acquires Industrial Property In Spring Hill For $3.6M
4833 Commercial Way, Spring Hill, FL, USA
$3,600,000
$621/SF
Building Size
5,789 SF
Asset Type
Industrial
Closing
Mar 26, 2020
About this deal
AI
Located in Spring Hill, the recently closed industrial property transaction involved the sale of a property located at 4833 Commercial Way. The transaction took place on 03/27/2020, with a total sale price of $3,600,000. The property spans a total area of 5,789 square feet, resulting in a price per square foot of $621. The buyer of the property was 4 H Ranch LLC, while the seller was FS Spring Hill LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Date: 03/27/2020
- Address: 4833 Commercial Way
- Market: Spring Hill
Representing the seller, FS Spring Hill LLC, was Don McMinn from Marcus & Millichap. On the buyer's side, 4 H Ranch LLC was represented by David R. David from WA Development.
Players
Spring Hill 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93