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Sky Capital Acquires Retail Property At 1515 Bienville Boulevard Ocean Springs For $8.16M

Property Image
SOLD
$8,160,000
Jonah Warshaw
Jacob Baruch
+ 1

Mississippi

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Retail110,248 SF
Sold 08/09/2024
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Property Image
SOLD

Sky Capital Acquires Retail Property At 1515 Bienville Boulevard Ocean Springs For $8.16M

1515 Bienville Boulevard

See Similar Deals
Retail110,248 SF
Sold 08/09/2024
Jonah Warshaw
Jacob Baruch
+ 1
Contact now

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:

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

Jacob Baruch
39 deals$551.8M volume
BROKER

Daniel Baruch
Legacy Realty Group Advisors
25 deals$525.8M volume
BROKER

Jonah Warshaw
Legacy Realty Group Advisors
20 deals$192.1M volume
BROKER

Dex Shill
NAI Global
1 deal$8.2M volume(225) 297-7874
BROKER

Details

SOLD
IMAGE: Jacob Baruch, Daniel Baruch, Jonah Warshaw & Dex Shill DATE: 08/09/2024 ADDRESS: 1515 Bienville Boulevard MARKET: Ocean Springs ASSET TYPE: Retail BUYER: Sky Capital BUYER'S REP: Jacob Baruch, Daniel Baruch & Jonah Warshaw - Legacy Realty Group Advisors (@LegacyRealtyGroupAdvisors) SELLER'S REP: Dex Shill - NAI Latter & Blum SALE PRICE: $8,160,000 SF: 110,248 ~ PPSF: $74

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Deal Type
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