SRS Real Estate Partners Handles $21M Retail Portfolio Sale In Alaska, Arkansas, Florida, Georgia, Mississippi, Nebraska, New Mexico, North Carolina, Ohio & Virginia
$21,000,000
$252/SF
Building Size
83,155 SF
Asset Type
Retail
Closing
Jun 17, 2022
AI
A single tenant retail portfolio has been sold for a total price of $21,000,000. The portfolio consists of properties located in Alaska, Arkansas, Florida, Georgia, Mississippi, Nebraska, New Mexico, North Carolina, Ohio, and Virginia. The total square footage of the portfolio is 83,155, resulting in a price per square foot of $253.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,000,000
- Square Footage: 83,155
- Price per Square Foot: $253
The sale of the single tenant retail portfolio was facilitated by the brokers John Redfield, Matthew Mousavi, and Patrick Luther from SRS Real Estate Partners. They represented the buyer and seller in the transaction, showcasing their expertise in the retail sector.
Players
Market 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93