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6235 North Davis Highway, P...

HS Capital Funds Acquires Retail Property In Pensacola From RCG Ventures For $13.3M
SOLDRetail

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

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.

Players

Brad Peterson

Colliers

Broker

$631.9M

vol

31 deals

Broker
JLL
JLLBrokerage
RCG Ventures
RCG VenturesSeller

Pensacola Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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