Axiom Capital Advisors And Deco Group Sell Retail Property In Spring Hill For $1.35M
16164 County Line Road, Spring Hill, FL, USA
$1,350,000
$42/SF
Building Size
31,568 SF
Asset Type
Retail
Closing
Dec 25, 2019
About this deal
AI
Located at 16164 County Line Road in Spring Hill, this retail property was recently sold for $1,350,000. The property is situated in a prime location, offering excellent visibility and accessibility. It features a land lease arrangement with an absolute triple net lease (NNN), providing a stable investment opportunity. With a cap rate of 5.7%, this property presents a promising return on investment for the buyer.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $1,350,000
- Cap Rate: 5.7%
- Address: 16164 County Line Road, Spring Hill
The sale of this retail property was facilitated by Jose Sasson from Axiom Capital Advisors and Sam Heskiel from Deco Group. Both brokers played a crucial role in ensuring a successful transaction for the buyer and seller. Their expertise and knowledge of the local market contributed to achieving a favorable deal for all parties involved.
Spring Hill 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93