JLL Brokers Handle $23.6M Sale Of Retail Property In Sanford
101 Towne Center Boulevard, Sanford, Florida 32771, United States
$23,600,000
$110/SF
Building Size
214,489 SF
Asset Type
Retail
Closing
May 19, 2022
About this deal
AI
The retail property located at 101-241 Towne Center Blvd. in Sanford was recently sold for a transaction amount of $23,600,000. The property spans a total area of 214,489 square feet, resulting in a price per square foot of $110. The sale took place on 05/20/2022 and was facilitated by brokers Brad Peterson & Whitaker Leonhardt from JLL.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,600,000
- Address: 101-241 Towne Center Blvd., Sanford
- Market: Sanford
- Brokers: Brad Peterson & Whitaker Leonhardt - JLL
- Square Footage: 214,489
- Price Per Square Foot: $110
Brad Peterson and Whitaker Leonhardt from JLL played a crucial role in facilitating the sale of this retail property in Sanford. Their expertise in the market and negotiation skills contributed to the successful completion of this transaction.
Players
Sanford 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93