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20303 Northwest US Highway ...

Kamin Realty LLC Acquires Retail Property In High Springs For $4.8M
SOLDRetail

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

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

Kevin Yaryan

SRS Real Estate Partners

Broker

$62.7M

vol

8 deals

Broker

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