SRS Real Estate Partners Represents Seller In $5.29M Sale Of Retail Asset In Apopka

The property asset involved in this transaction is the Shoppes at Hunt Club, situated at 3301 East Semoran Boulevard in Apopka, Florida. The retail asset encompasses 1.48 acres and has a total square footage of 8,211. It was sold for a transaction amount of $5,290,000, translating to a price per square foot of $644.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $5,290,000
• Sale Price: $5,290,000
• Square Footage: 8,211
• Price Per Square Foot: $644
• Address: 3301 East Semoran Boulevard
• Market: Apopka
• Acres: 1.48
• Cap Rate: 6.17%
• Brokers: William Wamble & Patrick Nutt - SRS Real Estate Partners

William Wamble and Patrick Nutt represented the seller in this transaction, where the property was stabilized with new and extended leases for all four tenants over a 33-month period. The buyer was identified as a Florida-based private investor utilizing a 1031 exchange to complete the deal.