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11146 Spring Hill Drive

Bezrat H. Corp Purchases Seven Hills Plaza Retail Center In Spring Hill For $17 Million
SOLDRetail

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

Drew Kristol

Marcus & Millichap

Broker

$560.5M

vol

46 deals

Broker

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