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Don McMinn Of Taylor-McMinn Retail Group Represents Seller In $4.5M Ocala Retail Sale
SOLD
$4,500,000
Florida
See Similar DealsRetail6,723 SF
Sold 05/19/2025
SOLD
Don McMinn Of Taylor-McMinn Retail Group Represents Seller In $4.5M Ocala Retail Sale
30 Bahia Avenue
See Similar DealsRetail6,723 SF
Sold 05/19/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$669
Total Square Footage:6,723 SF
Transaction Type:Sale
A newly built Firestone property located at 30 Bahia Avenue in Ocala, FL has been sold for $4,500,000. The retail asset spans 6,723 square feet and is valued at $669 per square foot. The property is under a 15-year triple-net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 6,723
- Price Per Square Foot: $669
- Address: 30 Bahia Avenue
- Market: Ocala
The sale was facilitated by Marcus & Millichap’s Taylor-McMinn Retail Group, with Don McMinn representing the Georgia-based seller in the transaction. The identity of the buyer remains undisclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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