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Brookwood Capital Advisors Acquires Retail Property In Homosassa, FL For $1.7M

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SOLD
$1,700,000

Florida

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Retail35,110 SF
Sold 11/09/2023
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Property Image
SOLD

Brookwood Capital Advisors Acquires Retail Property In Homosassa, FL For $1.7M

5486 Suncoast Boulevard & 5500 Suncoast Boulevard

See Similar Deals
Retail35,110 SF
Sold 11/09/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$48
Total Square Footage:35,110 SF
Transaction Type:Sale

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

Justin Walker
12 deals$72.8M volume(954) 640-1100
BROKER

Kaylan Knitowski
Franklin Street
3 deals$11.1M volume(512) 963-7316
BROKER

Details

SOLD
IMAGE: Justin Walker & Kaylan Knitowski DATE: 11/09/2023 ADDRESS: 5486-5500 South Suncoast Boulevard, Homosassa, FL MARKET: Tampa ASSET TYPE: Retail BUYER: Brookwood Capital Advisors SELLER: Naresh Jain BUYER'S REP: Justin Walker & Kaylan Knitowski (@Kikiknit) - Sands Investment Group (@SandsInvestmentGroup) SALE PRICE: $1,700,000 SF: 17,555 ~ PPSF: $97

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41