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Deccan Pacific Vista Grande, LLC Acquires Retail Property In Lady Lake For $6.25M

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SOLD
$6,250,000

Florida

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Retail8,500 SF
Sold 07/11/2022
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Property Image
SOLD

Deccan Pacific Vista Grande, LLC Acquires Retail Property In Lady Lake For $6.25M

915 N US Highway 441, Lady Lake, Florida 32159, United States

See Similar Deals
Retail8,500 SF
Sold 07/11/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$735
Total Square Footage:8,500 SF
Transaction Type:Sale

A retail property located at 915 N. US Highway 441 in Lady Lake has been sold for a total of $6,250,000. The property encompasses an area of 1.26 acres and features a building with 8,500 square feet of space. The sale price per square foot amounts to $735. The transaction was completed on July 11, 2022, with the buyer being Deccan Pacific Vista Grande, LLC and the seller identified as R.B.M. Capital Investments, Inc. The deal was facilitated by brokers Barry Wolfe and Alan Lipsky from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,250,000
  • Address: 915 N. US Highway 441, Lady Lake
  • Market: Lady Lake
  • Acres: 1.26
  • Square footage: 8,500
  • Price per square foot: $735

Barry Wolfe and Alan Lipsky from Marcus & Millichap played key roles as the brokers representing the buyer, Deccan Pacific Vista Grande, LLC, and the seller, R.B.M. Capital Investments, Inc. The successful completion of this transaction highlights the significance of their expertise in the real estate industry.

Players

Barry Wolfe
16 deals$118.5M volume(954) 245-3400
BROKER

Alan Lipsky
Marcus & Millichap
13 deals$75.8M volume
BROKER

Details

SOLD
IMAGE: Alan Lipsky & Barry Wolfe DATE: 07/11/2022 ADDRESS: 915 N. US Highway 441 MARKET: Lady Lake ASSET TYPE: Retail ~ ACRES: 1.26 BUYER: Deccan Pacific Vista Grande, LLC SELLER: R.B.M. Capital Investments, Inc BROKERS: Barry Wolfe & Alan Lipsky - Marcus & Millichap SALE PRICE: $6,250,000 SF: 8,500 ~ PPSF: $735

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26