Publix Acquires Retail Property In Crestview, FL For $7M
SOLD
$7,000,000
Florida
See Similar DealsRetail55 SF
Sold 09/11/2022
SOLD
Publix Acquires Retail Property In Crestview, FL For $7M
1355 North Ferdon Boulevard, Crestview, Florida 32536, United States
See Similar DealsRetail55 SF
Sold 09/11/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$127,272
Total Square Footage:55 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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