Brandon Retail Property Sold For $6.2M With Marcus & Millichap's Brokers
SOLD
$6,200,000
Florida
See Similar DealsRetail8,480 SF
Sold
SOLD
Brandon Retail Property Sold For $6.2M With Marcus & Millichap's Brokers
1817 W Brandon Blvd, Brandon, FL, USA
See Similar DealsRetail8,480 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$731
Total Square Footage:8480 SF
Transaction Type:Sale
The retail property located at 1817 W Brandon Blvd in Brandon has been sold for $6,200,000. The property spans a total of 1.85 acres and has a building size of 8,480 square feet. The sale price per square foot comes to $731. The transaction took place on September 29, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 1817 W Brandon Blvd
- Market: Brandon
- Acres: 1.85
The sale was facilitated by James Garner, James Medefind, and Jim Shiebler from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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