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
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