Georgette Gillis Acquires 0.69 Acre Land In Clearwater For $7.9M
635 Mandalay Avenue
$7,900,000
Building Size
—
Asset Type
Land
Closing
Jan 24, 2023
About this deal
AI
A land property located at 635 Mandalay Ave in Clearwater was recently sold for $7,900,000. The property spans approximately 0.69 acres, making it an attractive investment opportunity in the market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,900,000
- Address: 635 Mandalay Ave, Clearwater
- Market: Clearwater
- Asset Type: Land
- ACRES: 0.69
- BROKER: Georgette Gillis - Viewpoint Realty Int'l Inc
Georgette Gillis from Viewpoint Realty Int'l Inc represented the parties involved in this sale. Their expertise and negotiation skills played a crucial role in finalizing the deal successfully.
Clearwater Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93