Ani Paulson Of Marcus & Millichap Sells Retail Property In Panama City For $1.66M
7205 US Route 231, Panama City, Florida 32404, United States
$1,660,000
$180/SF
Building Size
9,180 SF
Asset Type
Retail
Closing
Jul 25, 2022
AI
A retail property located at 7205 US-31 in Panama City has been sold for $1,660,000. The property spans approximately 1.31 acres and features a total of 9,180 square feet. The sale was facilitated by Ani Paulson from Marcus & Millichap. This transaction took place on 07/26/2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,660,000
- Address: 7205 US-31, Panama City
- Market: Panama City
- Acres: 1.31
- Square Feet: 9,180
- Broker: Ani Paulson - Marcus & Millichap
Ani Paulson from Marcus & Millichap played a crucial role as the broker in this deal. They helped facilitate the transaction between the buyer and the seller, ensuring a successful sale of the retail property.
Players
Panama City 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
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93