Patrick Nutt And William Wamble Of SRS Real Estate Partners Sell Retail Asset In Lecanto For $9.3M
3045 West Norvell Bryant Highway
$9,300,000
$2,066/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Mar 26, 2025
AI
The property asset involved in this transaction is a retail space located at 3045 West Norvell Bryant Highway in Lecanto. The sale was completed at a price of $9,300,000.00, and the total square footage of the asset is 4,500.0 SF.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,300,000.00
- Address: 3045 West Norvell Bryant Highway
- Market: Lecanto
- Square Footage: 4,500.0
The deal was represented by two brokers from SRS Real Estate Partners: Patrick Nutt and William Wamble, who facilitated the transaction.
Players
Lecanto 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93