Marcus & Millichap Sells Retail Property In Gainesville For $5.7M
2373 SW Archer Rd, Gainesville, FL 32608, USA
$5,700,000
$1,011/SF
Building Size
5,636 SF
Asset Type
Retail
Closing
Aug 2, 2020
AI
The retail property located at 2373 SouthWest Archer Road in Gainesville has been sold for a price of $5,700,000. The property has a total area of 5,636 square feet and a price per square foot of $1,011.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 2373 SouthWest Archer Road
- Market: Gainesville
- Brokers: Shawn Rupp, Casey Babb, & Luis Baez – Marcus & Millichap
The transaction was facilitated by Marcus & Millichap, represented by Shawn Rupp, Casey Babb, and Luis Baez. This successful sale demonstrates their expertise in the retail market of Gainesville.
Players
Gainesville 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93