Faris Lee Investments Brokers $6.6M Sale Of Retail Property In Middleburg
1803 Blanding Boulevard, Middleburg, FL, USA
$6,600,000
$453/SF
Building Size
14,551 SF
Asset Type
Retail
Closing
Oct 29, 2021
About this deal
AI
An investment property located at 1803 & 1805 Blanding Boulevard in Middleburg has been sold for a total of $6,600,000. This retail asset spans across 14,551 square feet, resulting in a price per square foot of $454.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,600,000
- Address: 1803 & 1805 Blanding Boulevard, Middleburg
- Market: Middleburg
- Square Footage: 14,551
The sale was facilitated by Jeff Conover & Scott DeYoung of Faris Lee Investments, who represented the parties involved in the transaction.
Players
Middleburg 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93