Publix Super Markets Acquires Retail Property In Greenacres For $56.5M
6790 Forest Hill Boulevard, Greenacres, Florida 33413, United States
$56,500,000
$245/SF
Building Size
229,781 SF
Asset Type
Retail
Closing
Jun 2, 2022
About this deal
AI
Publix Super Markets has acquired a retail property located at 6790 Forest Hill Blvd in Greenacres. The property, with a total square footage of 229,781, was sold by Apollo Global Management for a price of $56,500,000, resulting in a price per square foot of $246.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $56,500,000
- Address: 6790 Forest Hill Blvd
- Market: Greenacres
Representing Publix Super Markets in the transaction were brokers Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck from JLL.
Players
Greenacres 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93