Charles Xuereb Acquires Retail Property In Venice For $12M
4105 Pointe Plaza Boulevard, Venice, Florida 34293, United States
$12,000,000
$809/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Mar 30, 2022
AI
The retail property located at 4105 Pointe Plaza Blvd in Venice has been sold in a recent transaction. The property, measuring 14,820 square feet, was sold for a price of $12,000,000, resulting in a price per square foot of $810. The transaction took place on March 31, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 4105 Pointe Plaza Blvd
- Market: Venice
The buyer of the property was Charles Xuereb, while the seller was Brad Roberts. Lior Regenstreif from Marcus & Millichap represented both parties in the deal.
Venice 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93