Marcus & Millichap Brokers $5.914M Sale Of Retail Property In Lutz
21228 Walmart Way, West Palm Beach, Florida, USA
$5,914,000
$309/SF
Building Size
19,097 SF
Asset Type
Retail
Closing
Jun 28, 2020
AI
A retail property located at 21228 Walmart Way in Lutz was recently sold in a closed transaction. The property encompasses a total space of 19,097 square feet. The sale price for this retail asset was $5,914,000, which translates to a price per square foot of $309. The transaction took place on June 29, 2020, and the property is situated in the market of Lutz.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,914,000
- Square Footage: 19,097
- Price Per Square Foot: $309
- Date: June 29, 2020
- Address: 21228 Walmart Way, Lutz
The sale of this retail property was facilitated by the broker team consisting of Michael Lombardi, Steven Schiavello, and Patrick Gray from Marcus & Millichap.
Players
West Palm Beach 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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93