CrossMarc Services Acquires Retail Property In Clermont For $9.4M
1714 US Route 27, Clermont, Florida 34714, United States
$9,400,000
$145/SF
Building Size
64,707 SF
Asset Type
Retail
Closing
Apr 12, 2022
About this deal
AI
The retail property located at 1714 US Highway 27 in Clermont has been sold in a transaction that closed on 04/13/2022. The property spans approximately 15.6 acres and is described as a retail asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,400,000
- Square Footage: 64,707
- Price per Square Foot: $145
- Address: 1714 US Highway 27, Clermont
- Market: Clermont
The buyer of the property was CrossMarc Services, represented by Christie Alexander. The seller was Continental Realty Corporation. The brokerage team that facilitated the deal consisted of Brad Peterson, Whitaker Leonhardt, and Tommy Isola, all from JLL.
On the Map
$9,400,000
$145/SF
Retail
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Players
Clermont 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93