Charles Xuereb Acquires Retail Property In Venice For $12M
SOLD
$12,000,000
Florida
See Similar DealsRetail14,820 SF
Sold 03/31/2022
SOLD
Charles Xuereb Acquires Retail Property In Venice For $12M
4105 Pointe Plaza Boulevard, Venice, Florida 34293, United States
See Similar DealsRetail14,820 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$809
Total Square Footage:14,820 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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