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
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.
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