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7531 Osceola Polk Line Rd, ...

Salim Valiani Sells Retail Property In Davenport For $6.8M
SOLDRetail

Salim Valiani Sells Retail Property In Davenport For $6.8M

7531 Osceola Polk Line Rd, Davenport, Florida 33896, United States

$6,800,000

$271/SF

Building Size

25,027 SF

Asset Type

Retail

Closing

Jan 18, 2022

AI

A retail property located at 7531 Osceola Polk Line Rd in Davenport has been sold for a total price of $6,800,000. The property spans across 25,027 square feet, resulting in a price per square foot of $272. This transaction was facilitated by Salim Valiani from Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,800,000
  • Address: 7531 Osceola Polk Line Rd
  • Market: Davenport
  • Broker: Salim Valiani - Marcus & Millichap

This deal was successfully closed with the assistance of Salim Valiani from Marcus & Millichap. They played a crucial role in representing the parties involved in the transaction and ensuring its smooth execution.

Players

Salim Valiani

Marcus & Millichap

Broker

$132.4M

vol

14 deals

Broker

Davenport 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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93