Ross Realty Investments Inc Acquires Retail Property In Vero Beach For $5.3M
5125 20th Street, Vero Beach, Florida 32966, United States
$5,300,000
$461/SF
Building Size
11,480 SF
Asset Type
Retail
Closing
Dec 13, 2021
About this deal
AI
Located at 5125 20th St in Vero Beach, this retail property was recently sold in a transaction that took place on 12/13/2021. The property spans a total area of 11,480 square feet and was sold by Konover South to Ross Realty Investments Inc for a total price of $5,300,000. With a price per square foot of $462, this transaction showcases the value of this retail asset in the Vero Beach market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Address: 5125 20th St, Vero Beach
- Market: Vero Beach
The deal was facilitated by the brokers Drew Kristol, Kirk Olson, and Marc Yaffe from Marcus & Millichap, who represented both the buyer, Ross Realty Investments Inc, and the seller, Konover South. Their expertise and negotiation skills played a crucial role in successfully closing this transaction.
Players
Vero Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Kirk Olson to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93