1971 Fl-60
1971 Fl-60, Valrico, FL, 33594
Building Size
138,887 SF
Asset Type
Other
Closing
Nov 19, 2023
About this deal
AI
Valrico Commons is a 138,887-square-foot shopping center located at 1971 E State Road 60 in Valrico, FL. Built in 1986 and redeveloped in 2011, the property was 93 percent leased at the time of sale to tenants including Publix, Ross Dress for Less, and Five Below.
Summary of transation details:
- Property Type: Shopping Center
- Transaction Amount: Not disclosed
- Address: 1971 Fl-60, Valrico, FL, 33594
- Market: Valrico
- Seller: Primerica Group One Inc
- Buyer: Phillips Edison & Company
- Seller's Representative: Casey Rosen - CBRE
Casey Rosen and Dennis Carson of CBRE represented the seller in this transaction, which also includes affiliates of North American Development Group. An affiliate of Phillips Edison & Company was the buyer in this deal.
On the Map
Other
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Valrico Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93