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450061 State Road 200, Call...

Toyama Holdings, LLC Acquires Retail Property In Callahan For $2.71M
SOLDRetail

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

Simon Grigoryan

Marcus & Millichap

Broker

$74.7M

vol

12 deals

Broker

Callahan 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

5.85%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93