ExchangeRight Acquires Retail Property In Gulf Breeze For $19.9M
1430 Tiger Park Lane, Gulf Breeze, FL, USA
$19,900,000
$300/SF
Building Size
66,279 SF
Asset Type
Retail
Closing
Apr 22, 2021
About this deal
AI
A retail property located at 1430 Tiger Park Lane in Gulf Breeze has been sold for a price of $19,900,000. The property spans 66,279 square feet, resulting in a price per square foot of $300. The transaction took place on April 23, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,900,000
- Address: 1430 Tiger Park Lane
- Market: Gulf Breeze
- Square Footage: 66,279
- Price per Square Foot: $300
The buyer of the property was ExchangeRight, while the seller was MAB American and DRA Advisors. The deal was facilitated by Brad Peterson, Whitaker Leonhardt, and Tommy Isola from JLL Capital Markets.
On the Map
$19,900,000
$300/SF
Retail
View full map
Players
Gulf Breeze Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Whitaker Leonhardt to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93