Appenin Cabinets Acquires Retail Space From Badcock Home Furniture For $4 Million In Clermont
1555 East Highway 50
$4,000,000
$163/SF
Building Size
24,500 SF
Asset Type
Retail
Closing
Sep 28, 2025
About this deal
AI
The property asset involved in this transaction is located at 1555 East Highway 50, Clermont, Florida. This retail space has a total area of 24,500 square feet and sold for a price of $4,000,000, which translates to a price per square foot of $163.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 24,500
- Address: 1555 East Highway 50
- Market: Clermont
- Buyer: Appenin Cabinets
- Seller: Badcock Home furniture & More
- Buyer's Representative: Elio Serpa - WRA Business & Real Estate
This transaction reflects the dedicated efforts of Elio Serpa along with colleagues Marc Sullivan, Suzanna Washburn, and Stacy Menendez, who contributed to the successful closing for Appenin Cabinets at the aforementioned location. Their combined expertise and teamwork ensured that the transaction progressed seamlessly to a successful conclusion.
On the Map
$4,000,000
$163/SF
Retail
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Players
Clermont Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $163 per square foot on a published $4M for 24,500 square feet (2025).
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Browse Clermont retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93