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2401 W State Road 434, Long...

CrossMarc Services & MCB Real Estate Acquires Retail Property In Longwood For $19.6M
SOLDRetail

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

Dennis Carson

CBRE

Broker

$419.3M

vol

14 deals

Broker
CS
CrossMarc ServicesBuyer
Apollo Global
Apollo GlobalSeller

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