Toyama Holdings, LLC Acquires Retail Property In Callahan For $2.71M
450061 State Road 200, Callahan, Florida 32011, United States
$2,710,000
$155/SF
Building Size
17,400 SF
Asset Type
Retail
Closing
Sep 8, 2022
AI
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.
Players
Callahan Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.85%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93