Acorn Realty Sells Retail Property In Ocala For $4.6M
SOLD
$4,575,000
Florida
See Similar DealsRetail56,877 SF
Sold 06/28/2022
SOLD
Acorn Realty Sells Retail Property In Ocala For $4.6M
184 Marion Oaks Boulevard, Ocala, Florida 34473, United States
See Similar DealsRetail56,877 SF
Sold 06/28/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$80
Total Square Footage:56,877 SF
Transaction Type:Sale
The retail property located at 184 Marion Oaks Blvd in Ocala has been sold for $4,575,000. The property spans across 56,877 square feet, resulting in a price per square foot of $80.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,575,000
- Square Footage: 56,877
- Price per Square Foot: $80
- Market: Ocala
The seller of the property was Acorn Realty, while the broker representing both parties in the deal was Michael Cleeman from Cleeman Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$244,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,254.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,687.83
Annual Debt Service$260,254.01
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