Cornerstone Commercial Realty Acquires Retail Property In Greenacres For $5.9M
4998 10th Ave N, Greenacres, FL 33463, USA
$5,900,000
$432/SF
Building Size
13,635 SF
Asset Type
Retail
Closing
Aug 5, 2020
AI
The property involved in this transaction is a retail asset located at 4998 10th Avenue in Greenacres. It spans 13,635 square feet and was sold for a total price of $5,900,000, resulting in a price per square foot of $433. The transaction took place on 08/06/2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,900,000
- Market: Greenacres
- Square Footage: 13,635
- Price per Square Foot: $433
The seller of the property was The Morgan Cos., with their representatives being Patrick Nutt and Andrew Fallon from SRS Real Estate. On the other hand, Cornerstone Commercial Realty acted as the buyer's representative in this deal.
Players
Greenacres 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93