Publix Super Markets Acquires Retail Property In Greenacres For $56.5M
SOLD
$56,500,000
+ 1
Florida
See Similar DealsRetail229,781 SF
Sold 06/03/2022
SOLD
Publix Super Markets Acquires Retail Property In Greenacres For $56.5M
6790 Forest Hill Boulevard, Greenacres, Florida 33413, United States
See Similar DealsRetail229,781 SF
Sold 06/03/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$245
Total Square Footage:229,781 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,013,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$200,732.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$267,838.82
Annual Debt Service$3,214,065.90
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