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Mick Vorbeck Acquires Retail Property In Gainesville For $2.56M

Property Image
SOLD
$2,563,000
Michael Moreno
Rahul Chhajed
Jake Allen
+ 2

Florida

See Similar Deals
Retail5,767 SF
Sold 01/09/2024
the dealplayerscompscontact
Property Image
SOLD

Mick Vorbeck Acquires Retail Property In Gainesville For $2.56M

6520 Northwest 9th Boulevard

See Similar Deals
Retail5,767 SF
Sold 01/09/2024
Michael Moreno
Rahul Chhajed
Jake Allen
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$444
Total Square Footage:5,767 SF
Transaction Type:Sale

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

Michael Moreno
Matthews
Michael Moreno
18 deals$116.4M volume(661) 369-4474
BROKER
Rahul Chhajed
Matthews
Rahul Chhajed
16 deals$104.9M volume
BROKER
Jake Allen
Matthews
Jake Allen
6 deals$24.2M volume(954) 295-4534
BROKER
Ryan Burke
Matthews
Ryan Burke
5 deals$18.4M volume(847) 361-4181
BROKER
MV
Mick Vorbeck
2 deals$12.8M volume
BUYER

Details

SOLD
IMAGE: Ryan Burke, Rahul Chhajed, Michael Moreno & Jake Allen DATE: 01/09/2024 ADDRESS: 6520 Northwest 9th Boulevard MARKET: Gainesville ASSET TYPE: Retail BUYER: Mick Vorbeck SELLER: Jeff Sap BROKERS: Jake Allen (@JakkeAllen321), Ryan Burke, Michael Moreno (@MichaelMoreno) & Rahul Chhajed (@RahulChhajed) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $2,563,000 SF: 5,767 ~ PPSF: $444

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,693.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,105.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,149.93
Annual Debt Service$145,799.13