Real Capital Solutions Sells Mixed-Use Property In Longwood For $15.25M
705 West State Road 434
$15,250,000
$115,530/SF
Building Size
132 SF
Asset Type
Mixed-use
Closing
Oct 14, 2022
AI
The property involved in the transaction is a mixed-use asset located at 705-765 W. State Rd 434 in Longwood. It spans across 12 acres, offering a total area of 132,050 square feet. The property was sold on 10/14/2022 for a price of $15,250,000, resulting in a price per square foot of $115.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $15,250,000
- Square Footage: 132,050 sqft
- Address: 705-765 W. State Rd 434
- Market: Longwood
- Seller: Real Capital Solutions, LLC
- Broker: Kenneth Hobson - Marcus & Millichap
The seller of the property was Real Capital Solutions, LLC. The transaction was facilitated by Kenneth Hobson from Marcus & Millichap representing the buyer.
Longwood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93