SRS Real Estate Partners Facilitates $13.6M Sale Of EoS Fitness Property In Lutz
17634 Harpers Run
$13,600,000
$321/SF
Building Size
42,311 SF
Asset Type
Retail
Closing
Dec 4, 2023
About this deal
AI
A 42,311-square-foot retail building located at 17634 Harpers Run in Lutz, Florida has been sold for $13.6 million. The property was previously owned by Barclay Group and was sold to a California-based buyer engaged in a 1031 exchange. The building is currently occupied by EoS Fitness and features a 15-year triple-net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,600,000
- Address: 17634 Harpers Run, Lutz, Florida
- Market: Lutz
- Square Footage: 42,311
- Price Per Square Foot: $321
The sale of this property was facilitated by Patrick Nutt of SRS Real Estate Partners, representing the seller Barclay Group. The successful deal was led by Nutt and the buyer's representative David S. Coia.
On the Map
$13,600,000
$321/SF
Retail
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Players
Land O' Lakes 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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93