SOLDRetail
Marcus & Millichap Facilitates $13.2M Retail Property Sale In Lakeland
3920 South Florida Avenue, Lakeland, Florida 33813, United States
$13,200,000
$600,000/SF
Building Size
22 SF
Asset Type
Retail
Closing
Jan 26, 2023
AI
A retail property located at 3920 Florida Avenue South in Lakeland has been sold for $13,200,000. The property spans 22,419 square feet, resulting in a price per square foot of $589.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,200,000
- Address: 3920 Florida Avenue South
- Market: Lakeland
- SF: 22,419
- PPSF: $589
The sale was facilitated by brokers Ronnie Issenberg, Gabriel Britti, and Jonathan Gerszberg from Marcus & Millichap.
Players
Lakeland Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93