Marcus & Millichap Sells Retail Property In Gainesville For $4.4M
5141 Northwest 43rd Street, Gainesville, Florida 32606, United States
$4,400,000
$333/SF
Building Size
13,200 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
The retail property located at 5141 NW 43rd St in Gainesville has been sold. The transaction was completed on 12/14/2021 for a sale price of $4,400,000. The property spans an area of 13,200 square feet, resulting in a price per square foot of $333.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 5141 NW 43rd St
- Market: Gainesville
- Square Footage: 13,200
The transaction was facilitated by brokers James Medefind, Jim Shiebler, and James Garner from Marcus & Millichap.
Players
Gainesville 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93