Mick Vorbeck Acquires Retail Property In Gainesville For $2.56M
6520 Northwest 9th Boulevard
$2,563,000
$444/SF
Building Size
5,767 SF
Asset Type
Retail
Closing
Jan 9, 2024
AI
The retail property located at 6520 Northwest 9th Boulevard in Gainesville has been sold for a price of $2,563,000. The property spans 5,767 square feet, resulting in a price per square foot of $444.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,563,000
- Address: 6520 Northwest 9th Boulevard, Gainesville
- Market: Gainesville
Mick Vorbeck has purchased the property from Jeff Sap. The deal was facilitated by brokers Jake Allen, Ryan Burke, Michael Moreno, and Rahul Chhajed from Matthews Real Estate Investment Services.
It is noteworthy that the property was sold at a price per square foot of $444, reflecting its value in the market.
Players
Gainesville 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
6.19%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93