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111 Towne Center Boulevard,...

Greenberg Gibbons Acquires Retail Property In Sanford For $23.6M
SOLDRetail

Greenberg Gibbons Acquires Retail Property In Sanford For $23.6M

111 Towne Center Boulevard, Sanford, Florida 32771, United States

$23,600,000

$109/SF

Building Size

214,789 SF

Asset Type

Retail

Closing

Apr 28, 2022

AI

The retail property located at 111 Towne Center Blvd in Sanford was recently sold for $23,600,000. The property spans 214,789 square feet, resulting in a price per square foot of $110. The transaction took place on April 29, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $23,600,000

Greenberg Gibbons, represented by Tom Falatko, acquired the property in the sale. Tom Falatko served as the buyer's representative for Greenberg Gibbons in this transaction. No additional information about the parties involved or the specifics of the deal was provided.

Players

GG
Greenberg GibbonsBuyer

Sanford 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

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93