Trapeza Inc. Acquires Retail Asset In Lake Mary From HB Retail Little LLC For $9.15M
901 Currency Circle
$9,150,000
$699/SF
Building Size
13,088 SF
Asset Type
Retail
Closing
Sep 12, 2019
About this deal
AI
The retail property located at 901 Currency Circle in Lake Mary was sold for $9,150,000.00. This asset spans a total area of 13,088 square feet. The transaction adds to the local market activity, reflecting ongoing investment in retail spaces within the region.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,150,000.00
- Address: 901 Currency Circle
- Market: Lake Mary
- Square Footage: 13,088.0
- Buyer: Trapeza Inc.
- Seller: HB Retail Little LLC
- Broker: Alejandro Snyder - Current Real Estate Advisors
The transaction saw Trapeza Inc. acquire the asset from HB Retail Little LLC, facilitated by broker Alejandro Snyder representing Current Real Estate Advisors. This deal highlights the active participation of established entities in the retail market sector.
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