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

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SOLD
$10,300,000

Florida

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Mixed-use36,637 SF
Sold 10/23/2024
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Property Image
SOLD

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

7450 Cypress Gardens Boulevard

See Similar Deals
Mixed-use36,637 SF
Sold 10/23/2024
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$281
Total Square Footage:36,637 SF
Transaction Type:Sale

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
39 deals$551.8M volume
BROKER

Ari Warshaw
Legacy Realty Group Advisors
12 deals$82.6M volume
BROKER

Details

SOLD
IMAGE: Jacob Baruch & Ari Warshaw DATE: 10/23/2024 ADDRESS: 7450 Cypress Gardens Boulevard MARKET: Winter Haven ASSET TYPE: Mixed-use BROKERS: Ari Warshaw & Jacob Baruch - Legacy Realty Group Advisors SALE PRICE: $10,300,000 SF: 36,637 ~ PPSF: $281 NOTE: Legacy Realty Group Advisors brokered the $10.3 million sale of Winter Haven Medical Plaza, a 36,637-square-foot retail center in Winter Haven. Jacob Baruch and Ari Warshaw represented both the buyer and seller in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$549,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06