Dylan Fonseca Purchases Retail Property From Sagard Real Estate For $29 Million In Altamonte Springs
130 East Altamonte Drive
$29,000,000
$86/SF
Building Size
336,431 SF
Asset Type
Retail
Closing
Jan 21, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 130 East Altamonte Drive in Altamonte Springs. The sale was completed for a total price of $29,000,000, with a total square footage of 336,431. The price per square foot is calculated at $86.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $29,000,000
- Address: 130 East Altamonte Drive
- Market: Altamonte Springs
- Square Footage: 336,431
- Price per Square Foot: $86
- Buyer: Dylan Fonseca
- Seller: Sagard Real Estate
- Broker Representatives: Mark Gilbert, Adam Feinstein & Mitchell Halpern - Cushman & Wakefield
The individuals involved in this transaction include the buyer, Dylan Fonseca, and the seller, Sagard Real Estate. The brokers representing the seller in this deal are Mark Gilbert, Adam Feinstein, and Mitchell Halpern from Cushman & Wakefield.
On the Map
$29,000,000
$86/SF
Retail
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Players
Altamonte Springs 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93