Shoppes At Village Square LLC Acquires Retail Asset From Harvest Holdings LLC In Longwood
851 E State Rd 434, Longwood, FL, 32...
$6,300,000
$102/SF
Building Size
61,200 SF
Asset Type
Retail
Closing
Apr 29, 2019
About this deal
AI
The Shoppes at Village Square, a 61,200-square-foot retail property located at 851 E. State Road 434 in Longwood, FL, was sold for $6.3 million on April 29, 2019. The shopping center, situated about 14 miles north of downtown Orlando, was 88 percent leased at the time of the transaction. Key tenants in the center include O’Reilly Auto Parts, Sherwin-Williams, and CrossFit Evolution.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000.00
- Market: Longwood
- Buyer: Shoppes at Village Square LLC
- Seller: Harvest Holdings LLC
- SF: 61,200
Kevin Yaryan of SRS’ Investment Properties Group in Orlando represented the seller, Harvest Holdings LLC, in the sale of Shoppes at Village Square. On the buyer's side, Trey Gravenstein from First Capital Property Group acted as the representative for Shoppes at Village Square LLC, overseeing the acquisition of the retail asset.
On the Map
$6,300,000
$102/SF
Retail
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Players
Longwood 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93