Brookwood Capital Advisors Acquires Retail Property In Homosassa, FL For $1.7M
5486 Suncoast Boulevard & 5500 Suncoast Boulevard
$1,700,000
$48/SF
Building Size
35,110 SF
Asset Type
Retail
Closing
Nov 9, 2023
AI
Located at 5486-5500 South Suncoast Boulevard in Homosassa, FL, this retail property has been sold in a closed transaction. The property spans across a total of 17,555 square feet, with a price per square foot of $97, resulting in a sale price of $1,700,000. The property is situated in the Tampa market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,700,000
The buyer in this transaction is Brookwood Capital Advisors, represented by Justin Walker & Kaylan Knitowski from Sands Investment Group. The seller is Naresh Jain.
Players
Homosassa 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93