SRS Real Estate Partners Sells Arcadia Retail Property For $13.9M
2551 SE Hwy 70. Arcadia, FL 34266
$13,900,000
$205/SF
Building Size
67,608 SF
Asset Type
Retail
Closing
Jul 20, 2022
AI
The retail property located at 2551 SE Hwy 70 in Arcadia has been sold. The property spans across 8.2 acres and is part of the retail market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $13,900,000
- Date: 07/21/2022
- Address: 2551 SE Hwy 70
- Market: Arcadia
- Asset Type: Retail
- Acres: 8.2
The sale was facilitated by the real estate brokers Kevin Yaryan, Kyle Stonis, and Pierce Mayson from SRS Real Estate Partners. The property was sold at a price of $13,900,000, with a total area of 67,608 square feet. This translates to a per square foot price of $206.
Players
Arcadia 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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93