Will Burley Sells Retail Asset In Brooksville For $7.9 Million Represented By Shaan Dadlani
12950 Cortez Boulevard
$7,900,000
$142/SF
Building Size
55,335 SF
Asset Type
Retail
Closing
Apr 30, 2026
About this deal
AI
The retail asset involved in the transaction is located at 12950 Cortez Boulevard, Brooksville. The sale was completed for a price of $7,900,000, with a total square footage of 55,335, resulting in a price per square foot of approximately $142.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,900,000
- Address: 12950 Cortez Boulevard
- Market: Brooksville
- Seller: Will Burley
- Broker: Shaan Dadlani - NorthMarq Capital
- 1031 Exchange Qualified Intermediary: Deferred.com
- Square Footage: 55,335
- Price Per Square Foot: $142
The deal was facilitated by Shaan Dadlani representing NorthMarq Capital. Will Burley acted as the seller in this transaction, which involved a qualified intermediary for a 1031 exchange to facilitate the sale.
On the Map
$7,900,000
$142/SF
Retail
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Players
Brooksville 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93