Avison Young Brokers Sell Retail Property In Vero Beach For $8.3M
7400 20th St Vero Beach, Fl 32966, Usa
$8,269,000
$94/SF
Building Size
87,992 SF
Asset Type
Retail
Closing
Aug 15, 2023
AI
The property involved in the transaction is a retail asset located at 7400 20th Street in Vero Beach. The property spans a total area of 87,992 square feet and was sold for a price of $8,269,000, resulting in a price per square foot of $94. The transaction took place on August 15, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,269,000
- Square Footage: 87,992
- Address: 7400 20th Street, Vero Beach
- Market: Vero Beach
The key individuals involved in the deal include Keith O'Donnell, Richard Murphy, Jonathan Hipp, and Tim Farrell. They represented Avison Young in this transaction. Keith O'Donnell's LinkedIn profile can be found at linkedin.com/in/keithodonnellrealestate/, Richard Murphy's LinkedIn profile at linkedin.com/in/rich-murphy-ccim-72660b4/, Jonathan Hipp's LinkedIn profile at linkedin.com/in/jonathanhipp/, and Tim Farrell's LinkedIn profile at linkedin.com/in/tim-farrell-9a524086/.
Players
Saint Maries Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93