Johnny Blue Craig & Daniel Gonzalez Of Matthews Real Estate Investment Services Sell North Port Retail Property For $9.9M
1000 Innovation Avenue, North Port, Florida 34289, United States
$9,935,000
$276/SF
Building Size
36,000 SF
Asset Type
Retail
Closing
Dec 12, 2021
AI
An approximately 36,000 square foot retail property located at 1000 Innovation Avenue in North Port has been sold for $9,935,000. This transaction was completed on 12/13/2021. The property was listed by Johnny Blue Craig & Daniel Gonzalez of Matthews Real Estate Investment Services. The sale price of $9,935,000 equates to a price per square foot of $276.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,935,000
- Market: North Port
- BROKERS: Johnny Blue Craig & Daniel Gonzalez - Matthews Real Estate Investment Services
Johnny Blue Craig and Daniel Gonzalez, representing Matthews Real Estate Investment Services, successfully facilitated this retail property transaction. They were involved in the negotiations between the buyer and the seller, ensuring a smooth and successful completion of the deal.
Players
North Port 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93