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2649 NW 13th St, Gainesvill...

Cobalt Real Estate Solutions Acquires Retail Property In Gainesville For $19.1M
SOLDRetail

Cobalt Real Estate Solutions Acquires Retail Property In Gainesville For $19.1M

2649 NW 13th St, Gainesville, Florida 32609, United States

$19,100,000

$115/SF

Building Size

165,705 SF

Asset Type

Retail

Closing

Jan 21, 2022

AI

A retail property located at 2649 NW 13th St. in Gainesville has been sold for $19,100,000. The property spans an area of 16.5 acres and offers 165,705 square feet of space. The sale was facilitated by Brad Peterson and Whitaker Leonhardt from JLL Capital Markets, representing the buyer and seller, respectively.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $19,100,000
  • Address: 2649 NW 13th St., Gainesville
  • Market: Gainesville
  • Acres: 16.5

Cobalt Real Estate Solutions acquired the property from Wicker Park Capital Management and Riverstone Capital Group. Brad Peterson from JLL Capital Markets represented the buyer, while Whitaker Leonhardt, also from JLL Capital Markets, represented the seller in the transaction.

Players

Brad Peterson

Colliers

Broker

$631.9M

vol

31 deals

Broker
JLL
JLLBrokerage

Gainesville 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93