CrossMarc Services Acquires Retail Property In Clermont For $9.4M
SOLD
$9,400,000
+ 1
Florida
See Similar DealsRetail64,707 SF
Sold 04/13/2022
SOLD
CrossMarc Services Acquires Retail Property In Clermont For $9.4M
1714 US Route 27, Clermont, Florida 34714, United States
See Similar DealsRetail64,707 SF
Sold 04/13/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$145
Total Square Footage:64,707 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$501,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55
Is there something missing? Send suggestions