Toyama Holdings, LLC Acquires Retail Property In Callahan For $2.71M
SOLD
Florida
See Similar DealsRetail17,400 SF
Sold 09/09/2022
SOLD
Toyama Holdings, LLC Acquires Retail Property In Callahan For $2.71M
450061 State Road 200, Callahan, Florida 32011, United States
See Similar DealsRetail17,400 SF
Sold 09/09/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$155
Total Square Footage:17,400 SF
Transaction Type:Sale
A retail property located at 450061 State Road 200 in Callahan has been sold. The property spans 2.19 acres and was sold for a total price of $2,710,000. The sale was completed on September 9, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,710,000
- Square Footage: 17,400
- Price per Square Foot: $156
- Address: 450061 State Road 200, Callahan
- Market: Callahan
The buyer of the property was Toyama Holdings, LLC, while the seller was Callahan Development Group, LLC. The transaction was facilitated by Simon V. Grigoryan and Edwinn Bruchman of The Simon Retail Group at Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,628.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,846.78
Annual Debt Service$154,161.39
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