Ira Barton Acquires Retail Property In Orange Park From Robert Menz For $1,345,000
933 Blanding Ave
$1,345,000
$229/SF
Building Size
5,871 SF
Asset Type
Retail
Closing
Nov 30, 2011
AI
The property asset involved in this transaction is a retail space located at 933 Blanding Ave in the Orange Park market. The asset encompasses a total square footage of 5,871 and was sold for a transaction amount of $1,345,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,345,000.00
- Address: 933 Blanding Ave
- Market: Orange Park
- Square Footage: 5,871
- Buyer: Ira Barton
- Seller: Robert Menz
- Brokers: Arthur Porosoff, Ray Turchi (Marcus & Millichap)
- Sale Date: 11/30/2011
This deal involved key individuals including the buyer Ira Barton and the seller Robert Menz, facilitated by brokers Arthur Porosoff and Ray Turchi from Marcus & Millichap representing both parties in the transaction.
Players
Orange Park 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
11.79%
Cash-on-Cash
-3.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93