Corey Busta Purchases Package Deal In Gainesville For $1.125M With Broker Jonathan Colon
2833 Northwest 21st Terrace, 2151 Southwest 41st Lane & 3928 Northwest 20th Terrace
$1,125,000
$93/SF
Building Size
12,087 SF
Asset Type
Package Deal
Closing
Jan 31, 2025
AI
The transaction involved a package deal consisting of three properties located at 2833 Northwest 21st Terrace, 2151 Southwest 41st Lane, and 3928 Northwest 20th Terrace in Gainesville. The total sale price for the package was $1,125,000, with a combined square footage of 4,029 and a price per square foot of $279.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $1,125,000
- Buyer: Corey Busta
- Seller: Nick Rotenberger & John Fulford
- Broker: Jonathan Colon - Watson Realty
This deal was facilitated by Jonathan Colon representing the broker agency Watson Realty. The transaction closed on January 31, 2025, marking an important event in the Gainesville real estate market.
Players
Gainesville Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93