Publix Acquires Retail Property In Crestview, FL For $7M
1355 North Ferdon Boulevard, Crestview, Florida 32536, United States
$7,000,000
$127,272/SF
Building Size
55 SF
Asset Type
Retail
Closing
Sep 11, 2022
AI
The retail property located at 1355 N Ferdon Blvd in Crestview, FL has been sold. The transaction took place on 11/09/2022. The property, measuring 55,152 square feet, was sold to Publix for a price of $7,000,000. This equates to a price per square foot of $127. The sale was facilitated by Michael Cleeman of Cleeman Realty Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 1355 N Ferdon Blvd, Crestview, FL
- Market: Crestview, FL
- Asset Type: Retail
Michael Cleeman, from Cleeman Realty Group, represented the buyer, Publix, in this transaction.
Players
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