RCG Ventures Sells Retail Property In Pensacola For $16M Through JLL
6241 North Davis Highway, Pensacola, Florida 32504, United States
$16,000,000
$96/SF
Building Size
166,245 SF
Asset Type
Retail
Closing
Jun 26, 2022
About this deal
AI
RCG Ventures, LLC has recently sold a retail property located at 6241 N. Davis Hwy in Pensacola. The property spans over 15.3 acres and boasts a total square footage of 166,245. The transaction, facilitated by brokers Brad Peterson and Whitaker Leonhardt from JLL, occurred on June 27, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $16,000,000
- Address: 6241 N. Davis Hwy
- Market: Pensacola
- Size: 15.3 acres
- Square Footage: 166,245
The sale of this property fetched a price of $16,000,000, resulting in a price per square foot of $96. Brad Peterson and Whitaker Leonhardt from JLL represented RCG Ventures, LLC in this transaction.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93