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7450 Cypress Gardens Boulevard

Winter Haven Medical Plaza Sold For $10.3M With Jacob Baruch & Ari Warshaw As Brokers
SOLDMixed-use

Winter Haven Medical Plaza Sold For $10.3M With Jacob Baruch & Ari Warshaw As Brokers

7450 Cypress Gardens Boulevard

$10,300,000

$281/SF

Building Size

36,637 SF

Asset Type

Mixed-use

Closing

Oct 23, 2024

AI

The property asset involved in the transaction is a mixed-use retail center known as Winter Haven Medical Plaza, located at 7450 Cypress Gardens Boulevard in Winter Haven. The sale price was $10,300,000 for a total square footage of 36,637, resulting in a price per square foot of $281.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,300,000
  • Address: 7450 Cypress Gardens Boulevard
  • Market: Winter Haven
  • Square Footage: 36,637
  • Price per Square Foot: $281

Ari Warshaw and Jacob Baruch of Legacy Realty Group Advisors represented both the buyer and seller in this transaction, facilitating the close deal of the retail center.

Players

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker

Winter Haven 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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93