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
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