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
$6,250,000
$735/SF
Building Size
8,500 SF
Asset Type
Retail
Closing
Jul 10, 2022
AI
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
Lady Lake 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93