Agree Realty Acquires Retail Property On Marco Island For $2.1M
754 East Elkcam Circle
$2,100,000
$388/SF
Building Size
5,400 SF
Asset Type
Retail
Closing
Dec 21, 2022
AI
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
Marco Island 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93