Cobalt Property Group Acquires Retail Building In St. Cloud Florida For $6 Million
1750 East Irlo Bronson Memorial Highway & 1780 East Irlo Bronson Memorial Highway
$6,000,000
$104/SF
Building Size
28,708 SF
Asset Type
Retail
Closing
Sep 24, 2026
About this deal
AI
The property involved is a retail building located at 1750-1780 East Irlo Bronson Memorial Highway in St. Cloud, Florida. The asset was sold for $6 million and encompasses 28,708 square feet, which equates to a price per square foot of approximately $209. The building is fully leased and was sold by a private investor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,000,000
- Square Footage: 28,708
- Price Per Square Foot: $209
- Market: St. Cloud, FL
- Buyer: Cobalt Property Group
- Seller: Private Investor
Cobalt Property Group is the buyer in this transaction, acquiring the fully leased retail property from a private investor. This acquisition reflects the company's continued investment strategy in the retail sector of the market.
On the Map
$6,000,000
$104/SF
Retail
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Players
Saint Cloud 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93