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
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