Matthews Real Estate Investment Services Brokers $3.165M Sale Of Retail Property In Ocala With Michael Grant As Buyer And Christian Oraedu As Seller
SOLD
$3,165,000
+ 1
Florida
See Similar DealsRetail9,600 SF
Sold 10/17/2023
SOLD
Matthews Real Estate Investment Services Brokers $3.165M Sale Of Retail Property In Ocala With Michael Grant As Buyer And Christian Oraedu As Seller
1830 Southeast 18th Avenue
See Similar DealsRetail9,600 SF
Sold 10/17/2023
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$329
Total Square Footage:9,600 SF
Transaction Type:Sale
An retail property located at 1830 Southeast 18th Avenue in Ocala has been sold for $3,165,000. The property spans a total area of 9,600 square feet, resulting in a price per square foot of $330.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,165,000
- Address: 1830 Southeast 18th Avenue
- Market: Ocala
- Square Footage: 9,600
- Seller: Christian Oraedu
- Buyer: Michael Grant
- Brokers: Jake Allen, Ryan Burke, Michael Moreno, Rahul Chhajed - Matthews Real Estate Investment Services
This transaction involved the collaboration of several brokers. Jake Allen, Ryan Burke, Michael Moreno, and Rahul Chhajed from Matthews Real Estate Investment Services facilitated the deal between the buyer, Michael Grant, and the seller, Christian Oraedu.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,244.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,003.71
Annual Debt Service$180,044.58
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