Florida Retail Owner Acquires Leesburg Marketplace In Leesburg For $11.5M With Brokers Alex Goodale & Salim Valiani
1101 West North Boulevard & 1107 West North Boulevard
$11,500,000
$141/SF
Building Size
81,071 SF
Asset Type
Retail
Closing
Jun 19, 2026
About this deal
AI
A Florida-based retail property owner acquired a shopping center located at 1101-1107 West North Boulevard in Leesburg, FL. The asset encompasses 9.35 acres with a total square footage of 81,071. The sale price of the property was $11,500,000, translating to a price per square foot of $142.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Square Footage: 81,071
- Price per Square Foot: $142
- Address: 1101-1107 West North Boulevard
- Market: Leesburg, FL
- Acres: 9.35
- Brokers: Alex Goodale & Salim Valiani - Marcus & Millichap
Marcus & Millichap's Salim Valiani and Alex Goodale represented the seller and also procured the buyer for this transaction. The property, known as Leesburg Marketplace, is situated along U.S. Route 441 and is occupied by a diverse mix of retail, restaurant, fitness, and service tenants. Recent improvements to the property include upgrades to the exterior, tenants, signage, and parking lot.
On the Map
$11,500,000
$141/SF
Retail
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Players
Leesburg 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93