Jeff Nelson Purchases Retail Property At 140 Capital Cir SW From Kenton Wright For $4.57M
SOLD
$4,568,024
+ 1
Florida
See Similar DealsRetail14,751 SF
Sold
SOLD
Jeff Nelson Purchases Retail Property At 140 Capital Cir SW From Kenton Wright For $4.57M
140 Capital Cir Sw
See Similar DealsRetail14,751 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$309
Total Square Footage:14751 SF
Transaction Type:Sale
The retail asset located at 140 Capital Cir SW in Tallahassee features a total square footage of 14,751. The property sold for a transaction amount of $4,568,024, equating to a price per square foot of $309.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,568,024
- Address: 140 Capital Cir SW
- Market: Tallahassee
- Square Footage: 14,751
- Price per Square Foot: $309
- Buyer: Jeff Nelson
- Seller: Kenton Wright
- Brokers: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
The transaction involved Jeff Nelson as the buyer and Kenton Wright as the seller, facilitated by the brokerage team of Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves from Marcus & Millichap, who represented the parties in this retail property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$243,627.96
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,229.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,654.76
Annual Debt Service$259,857.17
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