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4085 FL-46

Umar Khan Acquires Retail Property In Sanford For $4.025M
SOLDRetail

Umar Khan Acquires Retail Property In Sanford For $4.025M

4085 FL-46

$4,025,000

$1,271/SF

Building Size

3,166 SF

Asset Type

Retail

Closing

Dec 21, 2022

AI

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.

Players

Chad Kurz

Matthews

Broker

$80.8M

vol

11 deals

Broker

Sanford 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

3.94%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93