Chatam Management Acquires Retail Property In Crawfordville For $14.75M
SOLD
$14,750,000
Florida
See Similar DealsRetail54,804 SF
Sold 09/02/2022
SOLD
Chatam Management Acquires Retail Property In Crawfordville For $14.75M
2343 Crawfordville Highway
See Similar DealsRetail54,804 SF
Sold 09/02/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$269
Total Square Footage:54,804 SF
Transaction Type:Sale
In a recent transaction in Crawfordville, a retail property located at 2343 Crawfordville Hwy was sold for a staggering price of $14,750,000. The property spans an area of 54,804 square feet, resulting in a price per square foot of $269. The sale was completed on 09/02/2022 in the Crawfordville market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,750,000
- Address: 2343 Crawfordville Hwy
- Market: Crawfordville
- Square Footage: 54,804
- Price per Square Foot: $269
Chatam Management emerged as the buyer in this deal, while Hand Properties acted as the seller. The transaction was facilitated by a team of brokers, including Benedict Gutierrez from Marcus & Millichap, and Lane Breedlove and Margaret Jones from Cushman & Wakefield.
Players
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BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$786,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,403.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,922.53
Annual Debt Service$839,070.30
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