Good Vibes Realty Two LLC Acquires Retail Property On Hoffner Ave In Belle Isle, FL For $4.76M
SOLD
$4,760,000
Florida
See Similar DealsRetail
Sold 01/14/2022
SOLD
Good Vibes Realty Two LLC Acquires Retail Property On Hoffner Ave In Belle Isle, FL For $4.76M
4416 Hoffner Avenue, Belle Isle, Florida 32812, United States
See Similar DealsRetail
Sold 01/14/2022
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 4416 Hoffner Ave in Belle Isle, FL has been sold for a price of $4,760,000. The property spans across 1.74 acres and was part of a recent transaction. The sale took place on January 14, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,760,000
- Address: 4416 Hoffner Ave, Belle Isle, FL
- Market: Belle Isle, FL
- Asset Type: Retail
- Acres: 1.74
Good Vibes Realty Two LLC acquired the property from Limestone Asset Management and Orion Real Estate Group. The deal was facilitated by Patrick Nutt from the SRS National Net Lease Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,911.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,564.83
Annual Debt Service$270,777.94
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