HS Capital Funds Acquires Retail Property In Pensacola From RCG Ventures For $13.3M
6235 North Davis Highway, Pensacola, Florida 32504, United States
$13,300,000
$93/SF
Building Size
142,767 SF
Asset Type
Retail
Closing
Oct 27, 2022
About this deal
AI
The retail property located at 6235 N. Davis Highway in Pensacola has been sold. The property spans 5.9 acres and is known as a retail asset. It was sold for a total price of $13,300,000. The total square footage of the property is 142,767, resulting in a price per square foot of $93.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,300,000
- Address: 6235 N. Davis Highway
- Market: Pensacola
- Acres: 5.9
The buyer of the property is HS Capital Funds, while the seller is RCG Ventures. The deal was facilitated by Brad Peterson and Whitaker Leonhardt from JLL Capital Markets.
On the Map
$13,300,000
$93/SF
Retail
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Players
Pensacola 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93