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Simon Lincoln Acquires Single Family Property In Ocean Ridge For $27M

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SOLD
$27,000,000

National

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Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

Simon Lincoln Acquires Single Family Property In Ocean Ridge For $27M

Sold 12/15/2021
the dealplayerscompscontact
Contact now

Summary

Transaction Type:Sale

Players

Candace Friis
The Corcoran Group
Candace Friis
14 deals$343.3M volume
BROKER

Details

SOLD
IMAGE: Candace Friis DATE: 12/15/2021 MARKET: Ocean Ridge ASSET TYPE: Single Family BUYER: Simon Lincoln SELLER: Raymond Gregg Hill Sr. & Marsha HIll BROKER: Candace Friis - The Corcoran Group SALE PRICE: $27,000,000 SF: 12,314 ~ PPSF: $2,193

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,440,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30