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:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 253 Citi Centre Street
- Market: Winter Haven
- Acres: 16.2
- Square Footage: 185,705
- Price Per Square Foot: $44
- Buyer: Guy Levintin & Sharon Sharaby - BSD Capital
- Brokers: Chris Peterson, Greg Godino, Justin Smith, Ross Waters, Sam Koonce, Teddy Driscoll, Fred Victor & Matt Austin - Atlantic Capital Partners
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
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