Marcus & Millichap Brokers $5.914M Sale Of Retail Property In Lutz
SOLD
$5,914,000
Florida
See Similar DealsRetail19,097 SF
Sold 06/29/2020
SOLD
Marcus & Millichap Brokers $5.914M Sale Of Retail Property In Lutz
21228 Walmart Way, West Palm Beach, Florida, USA
See Similar DealsRetail19,097 SF
Sold 06/29/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$309
Total Square Footage:19,097 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$315,413.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,011.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,035.38
Annual Debt Service$336,424.53
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