Kamin Realty LLC Acquires Retail Property In High Springs For $4.8M
20303 Northwest US Highway 441, High Springs, FL, USA
$4,800,000
$83/SF
Building Size
57,850 SF
Asset Type
Retail
Closing
Jul 15, 2020
About this deal
AI
An 57,850 square feet retail property located at 20303 N US Highway 441 in High Springs, was recently sold for $4,800,000. The property sits on 5.2 acres of land and was purchased by Kamin Realty LLC from H&R High Springs LLC. The sale price equates to a price per square foot of $83, and a price per acre of $923,077.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Square Footage: 57,850
- Address: 20303 N US Highway 441
- Market: High Springs
Kamin Realty LLC acquired the property with the assistance of brokers Kevin Yaryan, Kyle Stonis, and Pierce Mayson from SRS Real Estate Partners.
Players
High Springs 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93