Juan Calvo Acquires Dollar General Retail Property In Florida City For $2.3M
SOLD
$2,326,000
Florida
See Similar DealsRetail9,100 SF
Sold 06/01/2023
SOLD
Juan Calvo Acquires Dollar General Retail Property In Florida City For $2.3M
580 SW 344th St Florida City, FL 33034, USA
See Similar DealsRetail9,100 SF
Sold 06/01/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$255
Total Square Footage:9,100 SF
Transaction Type:Sale
Dollar General has sold a retail property in Florida City for $2,326,000. The property, located at 580 Southwest 344th Street, is approximately 9,100 square feet, resulting in a price per square foot of $256. The transaction occurred on May 31, 2023, at a cap rate of 6.75%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,326,000
- Address: 580 Southwest 344th Street
- Market: Florida City
- Square Feet: 9,100
- Price per Square Foot: $256
- Cap Rate: 6.75%
The buyer, Juan Calvo, acquired the property from Dollar General. Jonathan De LaRosa of Marcus & Millichap represented the buyer in the transaction, while Don McMinn, also from Marcus & Millichap, represented the seller.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,053.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,263.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,026.43
Annual Debt Service$132,317.12
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