Ted Baker Acquires Retail Property In Spring Hill & Largo For $7.5M
1130 Commercial Way, Spring Hill, Florida 34606, United States
$7,500,000
$748/SF
Building Size
10,020 SF
Asset Type
Retail
Closing
Dec 2, 2021
About this deal
AI
The retail property located at 1130 Commercial Way and 115 Highland Avenue in Spring Hill and Largo has been sold for $7,500,000. The property spans across 10,020 square feet with a price per square foot of $749. The transaction took place on 12/03/2021, and the buyer of the property was Ted Baker, while the seller was David Dorton.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Address: 1130 Commercial Way and 115 Highland Avenue
- Market: Spring Hill and Largo
- Square Footage: 10,020
- Price Per Square Foot: $749
- Buyer: Ted Baker
- Seller: David Dorton
- Broker: Pedrum Lavassani, Michael Moreno & Rahul Chhajed - Matthews Real Estate Investment Services
Pedrum Lavassani, Michael Moreno, and Rahul Chhajed from Matthews Real Estate Investment Services represented both the buyer and seller in this transaction.
On the Map
$7,500,000
$748/SF
Retail
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93