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2833 Northwest 21st Terrace

Corey Busta Purchases Package Deal In Gainesville For $1.125M With Broker Jonathan Colon
SOLDPackage Deal

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

Jonathan Colon

Watson Realty

Broker

$1.1M

vol

1 deal

Broker

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