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100 Sebring Square, Sebring...

Bill Fuller & Martin Pinilla Acquire Retail Property In Sebring For $15.65M
SOLDRetail

Bill Fuller & Martin Pinilla Acquire Retail Property In Sebring For $15.65M

100 Sebring Square, Sebring, Florida 33870, United States

$15,650,000

$102/SF

Building Size

152,297 SF

Asset Type

Retail

Closing

Jul 7, 2022

AI

The retail property located at 100 Sebring Square in Sebring has been sold. The transaction took place on 07/08/2022.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $15,650,000
  • Square Footage: 152,297
  • Price per Square Foot: $103
  • Address: 100 Sebring Square, Sebring
  • Market: Sebring

The buyer of the property is Bill Fuller & Martin Pinilla, while RCG Ventures acted as the seller. The deal was facilitated by Jonathan De La Rosa of Marcus & Millichap. Financing for the transaction was provided by First Citizens, with Sara Hernandez handling the procurement process.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Bill Fuller

Buyer

$89.9M

vol

9 deals

Buyer
RCG Ventures
RCG VenturesSeller

Sebring Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93