JBL Asset Management Acquires Retail Asset At 5251-5429 Village Market Drive For $30M
5251-5429 Village Market Drive
$30,000,000
Units
98,548
Asset Type
Retail
Closing
Jan 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 5251-5429 Village Market Drive in Wesley Chapel, FL. The total asset encompasses 98,548 square feet and has been sold for a price of $30,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,000,000.00
- Address: 5251-5429 Village Market Drive
- Market: Wesley Chapel, FL
- Units: 98,548
- Buyer: JBL Asset Management
- Sale Date: 01/24/2025
The transaction was made on behalf of the buyer, JBL Asset Management, which focused on acquiring retail assets as part of their investment strategy. The deal finalizes a notable addition to their portfolio in the Wesley Chapel market.
Players
Wesley Chapel 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93