Avanti Way Capital Acquires Retail Property In Lake Mary, FL For $8.36M
101 N Country Club Rd, Lake Mary, Florida, USA
$8,360,000
$221/SF
Building Size
37,685 SF
Asset Type
Retail
Closing
Sep 16, 2021
About this deal
AI
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.
On the Map
$8,360,000
$221/SF
Retail
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Players
Lake Mary 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93