Marcus & Millichap Sells Sun City Center Plaza Retail Property For $16.55M
1601 Sun City Center Plaza, Sun City Center, Florida 33573, United States
$16,550,000
$169/SF
Building Size
97,654 SF
Asset Type
Retail
Closing
May 25, 2022
AI
Located at 1601 Sun City Center Plaza in Sun City Center, this retail property spans over 10.36 acres. The transaction took place on May 26, 2022, and was facilitated by James Medefind of Medefind Garner Shiebler Group, representing Marcus & Millichap. The property consists of 97,654 square feet with a price per square foot of $169. The sale price for this transaction was $16,550,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,550,000
- Address: 1601 Sun City Center Plaza
- Market: Sun City Center
- Asset Type: Retail
- Acres: 10.36
James Medefind from Medefind Garner Shiebler Group, representing Marcus & Millichap, played a crucial role in this transaction. The deal demonstrates their expertise and successful negotiation skills in the retail market.
Sun City Center Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93