V3 Capital Group Acquires Retail Property In Altamonte Springs For $23.5M
945 Semoran Boulevard, Apopka, Florida 32703, United States
$23,500,000
$134/SF
Building Size
175,175 SF
Asset Type
Retail
Closing
Oct 19, 2022
AI
The retail property located at 945 Semoran Blvd in Altamonte Springs has been sold for a total of $23,500,000. The transaction took place on October 20, 2022. The property has a total square footage of 175,175 and a price per square foot of $134. The buyer of the property is V3 Capital Group, while the seller is Coro Realty Advisors. The deal was facilitated by Brad Peterson, Whitaker Leonhardt, and Tommy Isola of JLL.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 945 Semoran Blvd, Altamonte Springs
- Market: Altamonte Springs
- Square Footage: 175,175
- Price per Square Foot: $134
The involvement of Brad Peterson, Whitaker Leonhardt, and Tommy Isola from JLL played a crucial role in the successful completion of the transaction. These individuals represented their respective parties, making the deal possible.
Players
Apopka 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93