Daily limit: 0/10
Shannon Waltchack Acquires Tequesta Village Square For $20.4M In South Florida
SOLD
$20,400,000
Florida
See Similar DealsRetail74,102 SF
Sold 03/19/2024
SOLD
Shannon Waltchack Acquires Tequesta Village Square For $20.4M In South Florida
221 US Route 1
See Similar DealsRetail74,102 SF
Sold 03/19/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$275
Total Square Footage:74,102 SF
Transaction Type:Sale
The property involved in the transaction is a retail asset located at 221-289 South US Highway 1 in Tequesta, spanning across 5.6 acres. The sale price for this fully leased shopping center was $20,400,000, with a total square footage of 74,102 and a price per square foot of $275.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,400,000
- Buyer: Derek R. Waltchack - Shannon Waltchack
- Seller: Morgan N. Russell - Russell Properties of Tequesta, LLC
- Lender: Service First Bank
- Market: Tequesta
Alabama-based Shannon Waltchack (SW) acquired Tequesta Village Square, focusing on service-oriented tenants in retail centers without main anchors. The purchase was made from Morgan N. Russell, who represented Russell Properties of Tequesta, LLC. Service First Bank provided the lending for this transaction.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,087,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,476.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,706.41
Annual Debt Service$1,160,476.89
Is there something missing? Send suggestions