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754 East Elkcam Circle

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

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

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker
AR
Agree RealtyBuyer

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