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3928 Suncoast Boulevard, Ho...

Ray Gonzalez's RG Property Group Acquires Retail Property In Homosassa For $10.5M
SOLDRetail

Ray Gonzalez's RG Property Group Acquires Retail Property In Homosassa For $10.5M

3928 Suncoast Boulevard, Homosassa, Florida 34448, United States

$10,500,000

$108/SF

Building Size

96,647 SF

Asset Type

Retail

Closing

Feb 3, 2022

AI

The retail property located at 3928 S Suncoast Blvd in Homosassa has been sold for a price of $10,500,000. This property spans an area of 96,647 square feet, resulting in a price per square foot of $109. The transaction took place on February 4, 2022, and involved the following parties:

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,500,000
  • Square Footage: 96,647
  • Address: 3928 S Suncoast Blvd, Homosassa
  • Market: Homosassa

The buyer, Ray Gonzalez, represented by RG Property Group, acquired the property from the seller, Andrew Plesko of E.J. Plesko & Associates. The deal was facilitated by brokers Anthony Blanco and Mallory Silva of The Shopping Center Group (TSCG).

Players

Anthony Blanco

TSCG (The Shopping Center Group)

Broker

$105M

vol

8 deals

Broker

Ray Gonzalez

Buyer

$12.2M

vol

2 deals

Buyer

Homosassa 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93