CrossMarc Services & MCB Real Estate Acquires Retail Property In Longwood For $19.6M
2401 W State Road 434, Longwood, FL 32779
$19,600,000
$302/SF
Building Size
64,753 SF
Asset Type
Retail
Closing
May 24, 2022
AI
An retail property located at 2401 W State Road 434 in Longwood has been sold for a price of $19,600,000. The property spans across 64,753 square feet, resulting in a price per square foot of $303.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,600,000
- Square Footage: 64,753
- Address: 2401 W State Road 434
- Market: Longwood
The buyer of the property is CrossMarc Services & MCB Real Estate, while the seller is Apollo Global Management. The deal was facilitated by brokers Casey Rosen & Dennis Carson from CBRE.
Players
Longwood 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93