Sky Capital Acquires Retail Property At 1515 Bienville Boulevard Ocean Springs For $8.16M
1515 Bienville Boulevard
$8,160,000
$74/SF
Building Size
110,248 SF
Asset Type
Retail
Closing
Aug 9, 2024
AI
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.
Players
Ocean Springs 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
1.94%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93