Frank Rella Acquires Retail Property In Vero Beach For $6.9M
5755 20th Street, Vero Beach, Florida 32966, United States
$6,900,000
$87/SF
Building Size
78,600 SF
Asset Type
Retail
Closing
Jun 6, 2022
About this deal
AI
A retail property located at 5755 20th St in Vero Beach has been sold for $6,900,000. The property spans 78,600 square feet and was sold at a price of $87.8 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,900,000
- Date: 06/07/2022
- Address: 5755 20th St
- Market: Vero Beach
The buyer of the property is Frank Rella, while the seller is Chris Blume. The transaction was facilitated by Daniel Gonzalez, Johnny Blue Craig, Connor Knauer, and Bill Pedersen from Matthews Real Estate Investment Services.
On the Map
$6,900,000
$87/SF
Retail
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Players
Vero Beach 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93