1950 Viera Blvd LLC Acquires Retail Property In Viera For $3.1M
1950 Viera Blvd, Melbourne, FL, USA
$3,100,000
$193/SF
Building Size
16,008 SF
Asset Type
Retail
Closing
Dec 31, 2020
About this deal
AI
Located in Viera, the retail property at 1950 Viera Blvd was recently sold in a closed transaction. The property, with a total square footage of 16,008, was sold by ICV Viera LLC to 1950 Viera Blvd LLC. The deal was facilitated by broker Charine Lewis from JM Real Estate. The transaction took place on January 1, 2021, with a sale price of $3,100,000. This amounts to a price per square foot of $194.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Square Footage: 16,008
- Address: 1950 Viera Blvd
- Market: Viera
This transaction showcases the successful collaboration between ICV Viera LLC and 1950 Viera Blvd LLC, with Charine Lewis of JM Real Estate representing the buyer in the deal. The sale of this retail property highlights the ongoing activity and investment opportunities in the Viera market.
Players
Rockledge 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93