Jason Abitbol Of Apex Capital Realty Represents Buyer In $2.1M NNN Retail Sale In Reddick

The property asset involved in this transaction is a NNN Retail located at 5390 West Highway 318, Reddick, FL, within the Ocala market. It was sold for $2,100,000, encompassing a total square footage of 10,500, with a price per square foot of $200.

Summary of transaction details:

• Property Type: NNN Retail
• Transaction Amount: $2,100,000
• Address: 5390 West Highway 318, Reddick, FL
• Market: Ocala
• Square Footage: 10,500
• Price Per Square Foot: $200
• Broker: Jason Abitbol - APEX Capital Realty

Jason Abitbol of Apex Capital Realty represented the buyer in this transaction, which successfully executed a 1031 exchange strategy. The buyer benefitted from a significant increase in net income exceeding 20% from a previous NN investment property, while transitioning to a newly built NNN leased property in 2024.