JTT Eagles LLC Acquires 9.4 Acre Retail Property In Leesburg For $7.5M
1101 W N Blvd Leesburg, FL 34748, USA
$7,500,000
$92/SF
Building Size
81,071 SF
Asset Type
Retail
Closing
Jul 27, 2023
AI
The $7.5 million sale of Leesburg Marketplace, a 81,071-square-foot shopping center in Florida, has been brokered by SRS Real Estate Partners. The property is located at 1101 West North Boulevard in Leesburg and sits on 9.4 acres of land. The shopping center boasts a 90% occupancy rate and is home to popular tenants such as Ollie's Bargain Outlet and Dollar Tree.
Summary of transaction details
- Property Type: Retail
- Sale Price: $7,500,000
- Square Footage: 81,071 SF
- Price per Square Foot: $93
- Address: 1101 West North Boulevard, Leesburg, Florida
- Market: Leesburg
- Acres: 9.4
The buyer in this transaction is JTT Eagles LLC, a Florida-based entity. Kyle Stonis and Pierce Mayson from SRS Real Estate Partners served as the brokers in the deal.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93