Marcus & Millichap Brokers Sell Retail Property In Oviedo For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsRetail5,420 SF
Sold 09/22/2021
SOLD
Marcus & Millichap Brokers Sell Retail Property In Oviedo For $3.4M
318 W Mitchell Hammock Rd, Oviedo, FL, USA
See Similar DealsRetail5,420 SF
Sold 09/22/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$627
Total Square Footage:5,420 SF
Transaction Type:Sale
The retail property located at 318 W Mitchell Hammock Rd in Oviedo has been sold for $3,400,000. The property spans across 5,420 square feet with a price per square foot of $627. The transaction took place on 09/22/2021 and was facilitated by brokers Donald Gilchrist and Ryan Nee from Marcus & Millichap.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Square Footage: 5,420
- Price Per Square Foot: $627
- Date: 09/22/2021
- Address: 318 W Mitchell Hammock Rd, Oviedo
- Market: Oviedo
Donald Gilchrist and Ryan Nee, representing Marcus & Millichap, played a pivotal role in the successful completion of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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