V3 Capital Group Acquires Retail Property In Altamonte Springs For $23.5M
SOLD
$23,500,000
Florida
See Similar DealsRetail175,175 SF
Sold 10/20/2022
SOLD
V3 Capital Group Acquires Retail Property In Altamonte Springs For $23.5M
945 Semoran Boulevard, Apopka, Florida 32703, United States
See Similar DealsRetail175,175 SF
Sold 10/20/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$134
Total Square Footage:175,175 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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