Matthews Real Estate Investment Services Acquires Retail Property In Auburndale For $12.4M
SOLD
$12,400,000
Florida
See Similar DealsRetail129,807 SF
Sold 08/20/2020
SOLD
Matthews Real Estate Investment Services Acquires Retail Property In Auburndale For $12.4M
303-413 Havendale Blvd, Auburndale, FL, USA
See Similar DealsRetail129,807 SF
Sold 08/20/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$95
Total Square Footage:129,807 SF
Transaction Type:Sale
Located at 303-413 Havendale Blvd in Auburndale, this retail property was recently sold in a closed transaction. The seller, Core Imperial Plaza, was represented by Palomar Group. On the buyer's side, Jonah Yulish and Ben Snyder from Matthews Real Estate Investment Services acted as representatives. The sale took place on August 20, 2021.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $12,400,000
- Square Footage: 129,807 SF
- Price per Square Foot: $96
- Address: 303-413 Havendale Blvd
- Market: Auburndale
The deal, facilitated by Jonah Yulish and Ben Snyder of Matthews Real Estate Investment Services, marked an important milestone for both the seller and the buyer. The transaction price of $12,400,000 was based on a property size of 129,807 square feet, resulting in a price per square foot of $96. This successful transaction exemplifies the continued growth and activity in the retail real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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