Publix Super Markets Inc. Acquires Retail Property In Minneola For $18.2M
1685 North Hancock Road, Minneola, Florida 34715, United States
$18,200,000
$293,548/SF
Building Size
62 SF
Asset Type
Retail
Closing
Dec 15, 2022
AI
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.
Players
Minneola 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93