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Agree Realty Acquires Retail Property On Marco Island For $2.1M

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SOLD
$2,100,000

Florida

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Retail5,400 SF
Sold 12/21/2022
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Property Image
SOLD

Agree Realty Acquires Retail Property On Marco Island For $2.1M

754 East Elkcam Circle

See Similar Deals
Retail5,400 SF
Sold 12/21/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$388
Total Square Footage:5,400 SF
Transaction Type:Sale

Agree Realty has recently acquired a retail asset in Marco Island, Florida. The property, located at 754 East Elkcam Circle, was sold by Ernest Bordon. The deal was facilitated by Raul Pino, Pablo Vignolo, and Jose Montero of The Hype Real Estate Group.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Address: 754 East Elkcam Circle
  • Market: Marco Island

This off-market deal marks another successful acquisition in Florida for Agree Realty. The company specializes in sourcing properties throughout the state and is expanding into Texas. Their focus is on industrial, retail, multifamily, and land assets. With the holiday season upon us, Raul Pino, Pablo Vignolo, and Jose Montero of The Hype Real Estate Group invite interested parties to reach out and explore their current off-market pipeline.

For more information and potential collaborations, contact Raul Pino, Pablo Vignolo, and Jose Montero of The Hype Real Estate Group at your convenience.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Jose Montero
The Hype Real Estate Group
10 deals$78M volume(305) 323-2762
BROKER

BUYER

Details

SOLD
IMAGE: Raul Pino, Jose Montero & Pablo Vignolo DATE: 12/21/2022 ADDRESS: 754 East Elkcam Circle MARKET: Marco Island ASSET TYPE: Retail BUYER: Agree Realty SELLER: Ernest Bordon BROKERS: Raul Pino (@TheWolfofsouthfl), Pablo Vignolo (@Hypepabs) & Jose Montero (@Jose_Montero9) - The Hype Real Estate Group SALE PRICE: $2,100,000 SF: 5,400 ~ PPSF: $389 NOTE FROM BROKERS: We just closed on another off-market deal in Florida. Our team specializes in sourcing properties throughout the state of Florida and expanding into Texas. Reach out to us (@thehyperealestategroup) so we can go over our current off-market pipeline and close some deals together! We focus on industrial, retail, multifamily, and land. Happy holidays!

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
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