Sky Capital Acquires Retail Property At 1515 Bienville Boulevard Ocean Springs For $8.16M
SOLD
Mississippi
See Similar DealsRetail110,248 SF
Sold 08/09/2024
SOLD
Sky Capital Acquires Retail Property At 1515 Bienville Boulevard Ocean Springs For $8.16M
1515 Bienville Boulevard
See Similar DealsRetail110,248 SF
Sold 08/09/2024
Summary
MISSISSIPPI
Asset Type:Retail
Price Per Square Foot:$74
Total Square Footage:110,248 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 1515 Bienville Boulevard in Ocean Springs. The sale price was $8,160,000, with a total square footage of 110,248, resulting in a price per square foot of $74.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,160,000
- Address: 1515 Bienville Boulevard
- Market: Ocean Springs
- Square Footage: 110,248
- Price Per Square Foot: $74
- Buyer: Sky Capital
- Buyer's Representative: Jacob Baruch, Daniel Baruch & Jonah Warshaw - Legacy Realty Group Advisors
- Seller's Representative: Dex Shill - NAI Latter & Blum
This transaction involved key representatives from both buyer and seller sides, with Jacob Baruch, Daniel Baruch, and Jonah Warshaw acting on behalf of the buyer, Sky Capital, while Dex Shill represented the seller in this retail property sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$435,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,990.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,682.56
Annual Debt Service$464,190.76
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