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

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SOLD
$17,000,000

Florida

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Retail87,286 SF
Sold 12/03/2024
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Property Image
SOLD

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

11146 Spring Hill Drive

See Similar Deals
Retail87,286 SF
Sold 12/03/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$194
Total Square Footage:87,286 SF
Transaction Type:Sale

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
46 deals$560.5M volume(786) 522-7065
BROKER

Kirk Olson
Marcus & Millichap
46 deals$569.8M volume(786) 522-7064
BROKER

Details

SOLD
IMAGE: Drew Kristol, JM Schapiro & Kirk Olson DATE: 12/03/2024 ADDRESS: 11146-11170 Spring Hill Drive MARKET: Spring Hill ASSET TYPE: Retail BUYER: Bezrat H. Corp. SELLER: JM Schapiro (@SchapiroJM) - Continental Realty Corp. BROKERS: Drew Kristol (@DaKristol66) & Kirk Olson - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $17,000,000 SF: 87,286 ~ PPSF: $195 NOTE: Institutional Property Advisors brokered the $17 million sale of Seven Hills Plaza, an 87,286-square-foot retail center in Spring Hill, FL, anchored by Planet Fitness and Walgreens. Kirk Olson and Drew Kristol represented the seller, Continental Realty Corp., and secured the buyer, Bezrat H. Corp.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08