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1714 US Route 27, Clermont,...

CrossMarc Services Acquires Retail Property In Clermont For $9.4M
SOLDRetail

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

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.

Players

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
JLL
JLLBrokerage

Christie Alexander

CrossMarc Services

Buyer

$12.1M

vol

2 deals

Buyer
Continental Realty Corporation
Continental Realty CorporationSeller

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