Midland 1031 LLC Acquires Mixed-Use Property In Arcadia For $1.2M
301 Brevard Avenue, Arcadia, Florida 34266, United States
$1,186,654
Building Size
—
Asset Type
Mixed-use
Closing
Jun 16, 2022
AI
301 Brevard Ave in Arcadia has been sold in a mixed-use transaction. The property spans across 1.75 acres and features various types of usage. The transaction was closed on June 17, 2022, with a sale price of $1,186,654. The buyer, Midland 1031 LLC, has acquired the property from Georgetown Square Properties LLC.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,186,654
- Address: 301 Brevard Ave
- Market: Arcadia
- Size: 1.75 acres
The deal was facilitated by the brokerage team of Gary Tasman and Lane Boy from Cushman & Wakefield Commercial Property Southwest Florida.
Players
Arcadia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.37%
Cash-on-Cash
-3.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93