Publix Super Markets Inc. Acquires Retail Property In Minneola For $18.2M
SOLD
$18,200,000
Florida
See Similar DealsRetail62 SF
Sold 12/15/2022
SOLD
Publix Super Markets Inc. Acquires Retail Property In Minneola For $18.2M
1685 North Hancock Road, Minneola, Florida 34715, United States
See Similar DealsRetail62 SF
Sold 12/15/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$293,548
Total Square Footage:62 SF
Transaction Type:Sale
Publix Super Markets Inc. has acquired a retail property in Minneola for a sale price of $18,200,000. The property, located at 1685 N Hancock Road, spans 62,400 square feet and has a price per square foot of $292. The seller of the property was North American Properties. Todd Jones from Publix Super Markets Inc. represented the buyer in this transaction.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $18,200,000
- Address: 1685 N Hancock Road, Minneola
- Market: Minneola
- Buyer: Publix Super Markets Inc. - Todd Jones
- Seller: North American Properties
- Square Footage: 62,400
- Price per Square Foot: $292
Todd Jones, representing Publix Super Markets Inc., played a pivotal role as the buyer's representative in this property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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