FrostPoint Capital Acquires Retail Property In Oviedo For $6.45M
SOLD
$6,450,000
Florida
See Similar DealsRetail54,372 SF
Sold 02/06/2023
SOLD
FrostPoint Capital Acquires Retail Property In Oviedo For $6.45M
1021 Lockwood Boulevard
See Similar DealsRetail54,372 SF
Sold 02/06/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$118
Total Square Footage:54,372 SF
Transaction Type:Sale
A retail property located at 1021 Lockwood Boulevard in Oviedo has been sold for $6,450,000. The property spans across 54,372 square feet, resulting in a price per square foot of $119. The transaction took place between the buyer, FrostPoint Capital, and the seller, Stafford Dev. Legacy Realty Group Advisors represented both parties as brokers in the deal, with Jacob Baruch and Daniel Baruch acting as their representatives.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,450,000
- Square Footage: 54,372
- Price Per Square Foot: $119
- Buyer: FrostPoint Capital
- Seller: Stafford Dev
- Brokers: Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
The purchase of the retail property at 1021 Lockwood Boulevard was facilitated by FrostPoint Capital as the buyer and Stafford Dev as the seller. The transaction was successfully negotiated with the assistance of Legacy Realty Group Advisors' brokers, Jacob Baruch and Daniel Baruch.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49
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