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1430 Tiger Park Lane, Gulf ...

ExchangeRight Acquires Retail Property In Gulf Breeze For $19.9M
SOLDRetail

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

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.

Players

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
JLL
JLLBrokerage
ExchangeRight
ExchangeRightBuyer

Gulf Breeze Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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