Publix Acquires Retail Property In Crestview, FL For $7M
1355 N Ferdon Blvd, Crestview, FL 32536, USA
$7,000,000
$126/SF
Building Size
55,152 SF
Asset Type
Retail
Closing
Nov 17, 2022
AI
The retail property located at 1355 N Ferdon Blvd in Crestview, FL has been sold for $7,000,000. The property spans a total of 55,152 square feet, resulting in a price per square foot of $127.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- SF: 55,152
- Address: 1355 N Ferdon Blvd, Crestview, FL
- Market: Crestview, FL
The buyer in this transaction was Publix. The deal was facilitated by Michael Cleeman of Cleeman Realty Group, who represented Publix as their broker.
Crestview Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93