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945 Semoran Boulevard, Apop...

V3 Capital Group Acquires Retail Property In Altamonte Springs For $23.5M
SOLDRetail

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

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
JLL
JLLBrokerage

Apopka Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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