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253 Citi Centre St

Guy Levintin And Sharon Sharaby Of BSD Capital Acquire Winter Haven Citi Centre For $8.2M
SOLDRetail

Guy Levintin And Sharon Sharaby Of BSD Capital Acquire Winter Haven Citi Centre For $8.2M

253 Citi Centre St

$8,200,000

$44/SF

Building Size

185,705 SF

Asset Type

Retail

Closing

Jan 13, 2025

AI

The property involved in this transaction is a retail asset located at 253 Citi Centre Street in Winter Haven, Florida. It spans 16.2 acres and features a total square footage of 185,705. It was sold for $8,200,000, reflecting a price per square foot of $44. At the time of the sale, the property was 51% leased and is anchored by prominent tenants Belk and Staples.

Summary of transaction details:

Atlantic Capital Partners facilitated the transaction, representing BSD Capital in the purchase of Winter Haven Citi Centre. The team of brokers played a key role in arranging the sale, successfully managing the negotiation process for this retail shopping center.

Players

Justin Smith

Atlantic Retail

Broker

$620.2M

vol

30 deals

Broker
Transwestern
TranswesternBrokerage

Winter Haven 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93