Mario Halikias Acquires Retail Asset From Christopher Kiritsis For $12.4M In Sumterville
SOLD
$12,400,000
Florida
See Similar DealsRetail4,853 SF
Sold
SOLD
Mario Halikias Acquires Retail Asset From Christopher Kiritsis For $12.4M In Sumterville
2395 County Road 470
See Similar DealsRetail4,853 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2555
Total Square Footage:4853 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 2395 County Road 470 in the Sumterville market. The sale price for this asset was $12,400,000, with a total square footage of 4,853 and a price per square foot of $2,555.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,400,000
- Address: 2395 County Road 470
- Market: Sumterville
- Square Footage: 4,853
- Price per Square Foot: $2,555
- Buyer: Mario Halikias
- Seller: Christopher Kiritsis
- Seller's Representatives: Ronnie Issenberg, Gabriel Britti, and Kevin O'Hanlon - Marcus & Millichap
This transaction highlights key individuals involved, including the buyer Mario Halikias and seller Christopher Kiritsis, who participated in this significant retail asset exchange. The seller's representatives, Ronnie Issenberg, Gabriel Britti, and Kevin O'Hanlon, provided brokerage services through Marcus & Millichap for this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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