Northpath Investments Acquires Retail Property In Holly Hill, FL For $10.3M
SOLD
$10,300,000
Florida
See Similar DealsRetail118,000 SF
Sold 01/19/2022
SOLD
Northpath Investments Acquires Retail Property In Holly Hill, FL For $10.3M
1541 N Nova Rd, Holly Hill, FL 32117, United States
See Similar DealsRetail118,000 SF
Sold 01/19/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$87
Total Square Footage:118,000 SF
Transaction Type:Sale
The retail property located at 1541 N Nova Rd in Holly Hill, FL has been sold for a price of $10,300,000. The transaction took place on January 19, 2022. The property spans 118,000 square feet, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 1541 N Nova Rd, Holly Hill, FL
- Market: Holly Hill, FL
- Buyer: Northpath Investments - Gershon Alexander
- Seller: The Jaffe Company
- Brokers: Michael Cleeman & Zach Regenstein - Cleeman Realty Group
Gershon Alexander, representing Northpath Investments, and the Cleeman Realty Group, represented by Michael Cleeman and Zach Regenstein, facilitated the sale of this retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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