Ross Realty Investments Inc. Acquires Retail Property In Mount Dora For $12.5M
SOLD
Florida
See Similar DealsRetail76,172 SF
Sold 06/21/2022
SOLD
Ross Realty Investments Inc. Acquires Retail Property In Mount Dora For $12.5M
16900 US Route 441, Mount Dora, Florida 32757, United States
See Similar DealsRetail76,172 SF
Sold 06/21/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:76,172 SF
Transaction Type:Sale
A retail property located at 16900 US Highway 441 in Mount Dora has been sold for a transaction amount of $12,500,000. The property spans 76,172 square feet and has been sold by SunCap Opportunity Fund to Ross Realty Investments Inc. The sale price per square foot is $164.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,500,000
- Square Footage: 76,172
- Address: 16900 US Highway 441, Mount Dora
- Market: Mount Dora
JLL brokers Brad Peterson and Whitaker Leonhardt represented both parties in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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