RCG Ventures Sells Retail Property In Pensacola For $16M Through JLL
SOLD
$16,000,000
Florida
See Similar DealsRetail166,245 SF
Sold
SOLD
RCG Ventures Sells Retail Property In Pensacola For $16M Through JLL
6241 North Davis Highway, Pensacola, Florida 32504, United States
See Similar DealsRetail166,245 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$96
Total Square Footage:166,245 SF
Transaction Type:Sale
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.
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BROKERAGE
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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