Private Investor Acquires Indian Shores Strip Center For $3.45M
19705 Gulf Boulevard
$3,450,000
$263/SF
Building Size
13,108 SF
Asset Type
Retail
Closing
Oct 27, 2023
About this deal
AI
A strip center located at 19705 Gulf Boulevard in Indian Shores, Florida, has been sold for $3.45 million. The property consists of two buildings with a total area of over 13,100 square feet. The sale price breaks down to approximately $263 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,450,000
- Property Size: 13,108 square feet
- Price Per Square Foot: $263
- Address: 19705 Gulf Boulevard, Indian Shores, Florida
- Market: Indian Shores
The strip center was purchased by Odin Enterprises, a private investor based in Largo. The seller of the property was Hunter Family Real Estate Investments. This transaction further solidifies Odin Enterprises' presence in the retail market.
Players
Indian Shores 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93