Matthews Real Estate Investment Services Acquires Retail Property In Auburndale For $12.4M
303-413 Havendale Blvd, Auburndale, FL, USA
$12,400,000
$95/SF
Building Size
129,807 SF
Asset Type
Retail
Closing
Aug 20, 2020
AI
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.
Players
Auburndale 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93