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Marcus & Millichap Brokers Sell Haines City Retail Property For $13.8M On US-27

Property Image
SOLD
$13,800,000

Florida

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Retail131,501 SF
Sold 11/17/2021
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Property Image
SOLD

Marcus & Millichap Brokers Sell Haines City Retail Property For $13.8M On US-27

35938 U.S. 27, Haines City, FL, USA

See Similar Deals
Retail131,501 SF
Sold 11/17/2021
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$104
Total Square Footage:131,501 SF
Transaction Type:Sale

A retail property located at 35938 US-27 in Haines City has been sold for a total price of $13,800,000. The property has a total square footage of approximately 131,501, resulting in a price per square foot of $105. The transaction took place on November 17, 2021.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $13,800,000
  • Address: 35938 US-27, Haines City
  • Market: Haines City
  • Brokers: Tim Giambrone & Ryan Nee - Marcus & Millichap
  • Square Footage: 131,501
  • Price per Square Foot: $105

The deal was facilitated by Tim Giambrone and Ryan Nee from Marcus & Millichap. They represented the parties involved in the transaction, although they are not the buyers, sellers, landlords, or tenants of the property.

Players

Ryan Nee
21 deals$384.6M volume
BROKER

Tim Giambrone
Marcus & Millichap
7 deals$76.7M volume
BROKER

Details

SOLD
IMAGE: Ryan Nee & Tim Giambrone DATE: 11/17/2021 ADDRESS: 35938 US-27 MARKET: Haines City ASSET TYPE: Retail BROKERS: Tim Giambrone & Ryan Nee - Marcus & Millichap SALE PRICE: $13,800,000 SF: 131,501 ~ PPSF: $105

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$736,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,028.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,419.04
Annual Debt Service$785,028.49