Tabani Group Inc. Acquires Retail Property On US Highway 441 In Eustis For $9.2M
15439 U.S. 441, Eustis, FL, USA
$9,200,000
$313/SF
Building Size
29,367 SF
Asset Type
Retail
Closing
Nov 8, 2021
About this deal
AI
The retail property located at 15439 US Highway 441 in Eustis has been sold for a total price of $9,200,000. The property spans approximately 29,367 square feet, resulting in a price per square foot of $313. The transaction took place on 11/08/2021 and involved the buyer, Tabani Group Inc., and the seller, CORE Investment Properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,200,000
- Address: 15439 US Highway 441, Eustis
- Market: Eustis
- Square Footage: 29,367
- Price per Square Foot: $313
The sale was facilitated by Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Tommy Isola from JLL Capital Markets who represented the buyer, Tabani Group Inc., in the transaction. They negotiated on behalf of their client to secure the successful purchase of the retail property from the seller, CORE Investment Properties.
On the Map
$9,200,000
$313/SF
Retail
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Players
Eustis 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93