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2551 SE Hwy 70. Arcadia, FL...

SRS Real Estate Partners Sells Arcadia Retail Property For $13.9M
SOLDRetail

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

Kevin Yaryan

SRS Real Estate Partners

Broker

$62.7M

vol

8 deals

Broker

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