Balco Realty LLC Acquires Retail Property In Inverness For $5.37M
800 W Main St. Inverness, FL 34450, USA
$5,370,000
$703/SF
Building Size
7,637 SF
Asset Type
Retail
Closing
Jan 7, 2023
About this deal
AI
A retail property located at 800 W. Main St. in Inverness has been sold for a total of $5,370,000. The sale took place on 01/07/2023 and the property spans across 7,637 square feet. The buyer of the property is Balco Realty LLC, while the seller is Corta Inverness LLC. The transaction was facilitated by Ronnie Issenberg from Marcus & Millichap, who represented the buyer and seller in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,370,000
- Address: 800 W. Main St.
- Market: Inverness
Ronnie Issenberg from Marcus & Millichap played a key role as the broker representing both the buyer and seller in this transaction.
Players
Inverness 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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93