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
$4,760,000
Building Size
—
Asset Type
Retail
Closing
Jan 14, 2022
About this deal
AI
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.
Players
Orlando 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
3.33%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93