Eva Garzon Represents LG 301 And Summerfield In $25.5M Package Deal Sale Of Riverview Property
12960 U.S. 301, Riverview, FL 33579, United States
$25,500,000
$73/SF
Building Size
348,480 SF
Asset Type
Retail
Closing
Jul 20, 2021
About this deal
AI
The package deal located at 12960 S US-301 in Riverview, FL was recently sold for a total price of $25,500,000. The property encompasses approximately 8 acres of land. With a purchase price per acre of $3,187,500, this transaction represents a significant investment in the area.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $25,500,000
- Address: 12960 S US-301, Riverview, FL
- Market: Riverview, FL
The seller of the property was LG 301 and Summerfield, represented by Joshua Canafax. The broker involved in the transaction was Eva Garzon. The sale of this package deal showcases the collaborative effort between the seller, represented by Joshua Canafax, and the buyer.
Players
Riverview 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93