Midland 1031 LLC Acquires Mixed-Use Property In Arcadia For $1.2M
SOLD
Florida
See Similar DealsMixed-use
Sold 06/17/2022
SOLD
Midland 1031 LLC Acquires Mixed-Use Property In Arcadia For $1.2M
301 Brevard Avenue, Arcadia, Florida 34266, United States
See Similar DealsMixed-use
Sold 06/17/2022
Summary
FLORIDA
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,288.21
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,215.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,625.35
Annual Debt Service$67,504.14
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