Lorton Management Corporation Acquires Retail Property In Melbourne For $2.975M
SOLD
$2,975,000
Florida
See Similar DealsRetail
Sold 09/21/2022
SOLD
Lorton Management Corporation Acquires Retail Property In Melbourne For $2.975M
1921 Alma Drive, Melbourne, Florida 32904, United States
See Similar DealsRetail
Sold 09/21/2022
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 1921 Alma Drive in Melbourne was recently sold for a price of $2,975,000. The property spans approximately 0.53 acres and is situated in a prime location within the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,975,000
- Address: 1921 Alma Drive
- Market: Melbourne
- Acres: 0.53
The buyer of the property is Lorton Management Corporation, while the seller is CORE 420, LLC. The deal was facilitated by Barry Wolfe and Alan Lipsky from Marcus & Millichap, who represented their respective clients.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21
Is there something missing? Send suggestions