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
$3,165,000
$329/SF
Building Size
9,600 SF
Asset Type
Retail
Closing
Oct 17, 2023
About this deal
AI
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.
Players
Ocala 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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93