Avanti Way Capital Acquires Retail Property In Lake Mary, FL For $8.36M
SOLD
Florida
See Similar DealsRetail37,685 SF
Sold 09/16/2021
SOLD
Avanti Way Capital Acquires Retail Property In Lake Mary, FL For $8.36M
101 N Country Club Rd, Lake Mary, Florida, USA
See Similar DealsRetail37,685 SF
Sold 09/16/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$221
Total Square Footage:37,685 SF
Transaction Type:Sale
The retail property located at 101 N. Country Club Rd in Lake Mary, FL has been sold for a price of $8,360,000. The property spans across 37,685 square feet, resulting in a price per square foot of $222. The sale took place on September 16, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,360,000
- Address: 101 N. Country Club Rd, Lake Mary, FL
- Market: Lake Mary, FL
Avanti Way Capital, represented by Enrique Teran & Andres Korda, purchased the property from Gallium Capital. Avanti Way Capital acted as the buyer in this transaction. The deal was successfully closed, marking a significant transaction in the Lake Mary retail market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$445,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,701.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,630.67
Annual Debt Service$475,567.98
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