Carat Nevins Acquires Retail Property In The Villages From Chris Kiritsis For $12.38M
11711 Northeast 62nd Terrace
$12,383,961
$2,551/SF
Building Size
4,853 SF
Asset Type
Retail
Closing
Apr 19, 2026
AI
The retail property located at 11711 Northeast 62nd Terrace in The Villages has been successfully sold for $12,383,961. The asset encompasses a total area of 4,853 square feet, translating to a price per square foot of $2,551.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,383,961
- Address: 11711 Northeast 62nd Terrace
- Market: The Villages
- Square Footage: 4,853
- Price Per Square Foot: $2,551
- Buyer: Carat Nevins
- Seller: Chris Kiritsis
- Seller's Representative: Ronnie Issenberg, Gabriel Britti & Kevin O'Hanlon - Marcus & Millichap
Carat Nevins was the buyer in this transaction, while Chris Kiritsis was the seller. The deal was represented on the seller's side by Ronnie Issenberg, Gabriel Britti, and Kevin O'Hanlon from Marcus & Millichap.
Players
The Villages 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93