SRS Real Estate Partners Sells Arcadia Retail Property For $13.9M
SOLD
$13,900,000
Florida
See Similar DealsRetail67,608 SF
Sold 07/21/2022
SOLD
SRS Real Estate Partners Sells Arcadia Retail Property For $13.9M
2551 SE Hwy 70. Arcadia, FL 34266
See Similar DealsRetail67,608 SF
Sold 07/21/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$205
Total Square Footage:67,608 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$741,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10
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