Bezrat H. Corp Purchases Seven Hills Plaza Retail Center In Spring Hill For $17 Million
11146 Spring Hill Drive
$17,000,000
$194/SF
Building Size
87,286 SF
Asset Type
Retail
Closing
Dec 3, 2024
AI
A retail center located at 11146-11170 Spring Hill Drive in Spring Hill has been sold for $17,000,000. The property spans 87,286 square feet and has a price per square foot of $195. It is anchored by Planet Fitness and Walgreens.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,000,000
- Square Footage: 87,286
- Address: 11146-11170 Spring Hill Drive
- Market: Spring Hill
- Buyer: Bezrat H. Corp.
- Seller: JM Schapiro - Continental Realty Corp.
- Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
Kirk Olson and Drew Kristol represented the seller, Continental Realty Corp., and were instrumental in securing Bezrat H. Corp. as the buyer in this transaction. Institutional Property Advisors facilitated the deal for the seven Hills Plaza retail center.
Players
Spring Hill 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93