InvenTrust Properties Acquires Retail Property In Bonita Springs For $10.4M
SOLD
$10,400,000
Florida
See Similar DealsRetail63,000 SF
Sold 05/12/2022
SOLD
InvenTrust Properties Acquires Retail Property In Bonita Springs For $10.4M
27251 Bay Landing Drive, Bonita Springs, Florida 34135, United States
See Similar DealsRetail63,000 SF
Sold 05/12/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$165
Total Square Footage:63,000 SF
Transaction Type:Sale
Located in Bonita Springs, the retail property at 27251 Bay Landing Dr was recently sold in a transaction. The property spans a total area of 63,000 square feet and is situated in a bustling market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,400,000
- Date: 05/12/2022
- Market: Bonita Springs
The buyer, InvenTrust Properties, acquired the property from the seller, Barron Collier Cos., for a price of $10,400,000. The deal was facilitated by Anthony Blanco, Mallory Silva, and Nick Ureta from TSCG, who acted as brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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