HS Capital Funds Acquires Retail Property In Pensacola From RCG Ventures For $13.3M
SOLD
$13,300,000
Florida
See Similar DealsRetail142,767 SF
Sold 10/28/2022
SOLD
HS Capital Funds Acquires Retail Property In Pensacola From RCG Ventures For $13.3M
6235 North Davis Highway, Pensacola, Florida 32504, United States
See Similar DealsRetail142,767 SF
Sold 10/28/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$93
Total Square Footage:142,767 SF
Transaction Type:Sale
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.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42
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