Mitchell Kiven Of Marcus & Millichap Sells Office Building In Tavares For $2.6M
1971 Salk Avenue, Tavares, FL, USA
$2,600,000
$313/SF
Building Size
8,300 SF
Asset Type
Office
Closing
Dec 21, 2020
About this deal
AI
The office property located at 1971 Salk Avenue in Tavares was recently sold for $2,600,000. The transaction took place on December 22, 2020. The property spans 8,300 square feet with a price per square foot of $313. The sale was facilitated by Mitchell Kiven from Marcus & Millichap.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 1971 Salk Avenue
- Market: Tavares
- Square Footage: 8,300 SF
- Price per Square Foot: $313
Mitchell Kiven from Marcus & Millichap played a crucial role as the broker in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of the office property in Tavares.
Tavares Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Mitchell Kiven to view all their deals.
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93