Dylan Fonseca Purchases Retail Property From Sagard Real Estate For $29 Million In Altamonte Springs
SOLD
$29,000,000
Florida
See Similar DealsRetail336,431 SF
Sold 01/21/2025
SOLD
Dylan Fonseca Purchases Retail Property From Sagard Real Estate For $29 Million In Altamonte Springs
130 East Altamonte Drive
See Similar DealsRetail336,431 SF
Sold 01/21/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$86
Total Square Footage:336,431 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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