Massud Adari Acquires Retail Asset In Lake City For $4,556,700 With Broker Andrew Pokalsky
2094 West Us Highway 90
$4,556,700
$301/SF
Building Size
15,120 SF
Asset Type
Retail
Closing
Jun 9, 2026
AI
The asset involved in this transaction is a retail property located at 2094 West US Highway 90 in Lake City. The sale price for the property was $4,556,700, with a total square footage of 15,120. The price per square foot for this transaction amounts to $301.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,556,700
- Address: 2094 West US Highway 90
- Market: Lake City
- Square Footage: 15,120
- Price Per Square Foot: $301
- Buyer: Massud Adari
- Buyer's Representative: Andrew Pokalsky - NX3 Commercial Group
The key individuals involved in this transaction include buyer Massud Adari, who has successfully acquired the retail property. The representation for the buyer was provided by Andrew Pokalsky from NX3 Commercial Group, facilitating the deal's progress and negotiations.
Players
Lake City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93