Trapeza Inc. Acquires Retail Property From HB Retail Little LLC For $9.15M In Lake Mary
901 Currency Cir
$9,150,000
$699/SF
Building Size
13,088 SF
Asset Type
Retail
Closing
Sep 12, 2019
About this deal
AI
The property asset involved in this transaction is a retail space located at 901 Currency Cir in Lake Mary. The sale was finalized for a total price of $9,150,000.00, covering a substantial area of 13,088 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,150,000.00
- Address: 901 Currency Cir
- Market: Lake Mary
- Square Footage: 13,088.0
- Buyer: Trapeza Inc.
- Seller: HB Retail Little LLC
- Broker: Alejandro Snyder (Current Real Estate Advisors)
This transaction saw Trapeza Inc. acquiring the retail space from HB Retail Little LLC, with Alejandro Snyder representing the broker in this deal. The involvement of Current Real Estate Advisors facilitated the transaction between the buyer and seller.
On the Map
$9,150,000
$699/SF
Retail
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Players
Lake Mary 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93