Umar Khan Acquires Retail Property In Sanford For $4.025M
SOLD
Florida
See Similar DealsRetail3,166 SF
Sold 12/21/2022
SOLD
Umar Khan Acquires Retail Property In Sanford For $4.025M
4085 FL-46
See Similar DealsRetail3,166 SF
Sold 12/21/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,271
Total Square Footage:3,166 SF
Transaction Type:Sale
The retail property located at 4085 Fl-46 in Sanford has been sold for a price of $4,025,000. The property spans a total area of 3,166 square feet, resulting in a price per square foot of $1,271. The transaction took place on 12/21/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,025,000
- Address: 4085 Fl-46, Sanford
- Market: Sanford
Umar Khan has purchased the property from Andrew Fallon. The deal was facilitated by the broker representatives from Matthews Real Estate Investment Services, namely Nick Hahn, Chad Kurz, and Kevin Puder.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$214,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,299.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,080.55
Annual Debt Service$228,966.64
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