FrostPoint Capital Acquires Retail Property In Oviedo For $6.45M
1021 Lockwood Boulevard
$6,450,000
$118/SF
Building Size
54,372 SF
Asset Type
Retail
Closing
Feb 6, 2023
About this deal
AI
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.
On the Map
$6,450,000
$118/SF
Retail
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Players
Market 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93