Retail Property In Wesley Chapel, FL Sold For $5.65M
SOLD
Florida
See Similar DealsRetail7,665 SF
Sold 09/08/2022
SOLD
Retail Property In Wesley Chapel, FL Sold For $5.65M
28652 Wesley Chapel Boulevard, Wesley Chapel, Florida 33559, United States
See Similar DealsRetail7,665 SF
Sold 09/08/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$737
Total Square Footage:7,665 SF
Transaction Type:Sale
A retail property located at 28652 Wesley Chapel Blvd in Wesley Chapel, FL has been sold for a price of $5,650,000. The property spans across 7,665 square feet, resulting in a price per square foot of $737.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,650,000
- Address: 28652 Wesley Chapel Blvd
- Market: Wesley Chapel, FL
- Seller: Ravi Ainpudi
- Brokers: Rob Goldberg & Ben Snyder - Matthews Real Estate Investment Services
The seller in this transaction is Ravi Ainpudi.The deal was facilitated by brokers Rob Goldberg and Ben Snyder from Matthews Real Estate Investment Services.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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