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Tabani Group Inc. Acquires Retail Property On US Highway 441 In Eustis For $9.2M

Property Image
SOLD
$9,200,000
Whitaker Leonhardt
Brad Peterson
+ 1

Florida

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Retail29,367 SF
Sold 11/08/2021
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Property Image
SOLD

Tabani Group Inc. Acquires Retail Property On US Highway 441 In Eustis For $9.2M

15439 U.S. 441, Eustis, FL, USA

See Similar Deals
Retail29,367 SF
Sold 11/08/2021
Whitaker Leonhardt
Brad Peterson
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$313
Total Square Footage:29,367 SF
Transaction Type:Sale

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.

Players

Tommy Isola
16 deals$269.7M volume(702) 236-1186
BROKER

Brad Peterson
Colliers
31 deals$631.9M volume
BROKER

Whitaker Leonhardt
Colliers
29 deals$609.2M volume
BROKER

Michael Brewster
Colliers
10 deals$191.1M volume(813) 758-8797
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Michael Brewster, Brad Peterson, Tommy Isola & Whitaker Leonhardt DATE: 11/08/2021 ADDRESS: 15439 US Highway 441 MARKET: Eustis ASSET TYPE: Retail BUYER: Tabani Group Inc. SELLER: CORE Investment Properties BROKERS: Brad Peterson, Whitaker Leonhardt, Michael Brewster & Tommy Isola - JLL Capital Markets SALE PRICE: $9,200,000 SF: 29,367 ~ PPSF: $313

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$490,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32