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SRS Real Estate Partners Handles $21M Retail Portfolio Sale In Alaska, Arkansas, Florida, Georgia, Mississippi, Nebraska, New Mexico, North Carolina, Ohio & Virginia

Property Image
SOLD
$21,000,000
John Redfield
Matthew Mousavi
Patrick Luther

Virginia

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Retail83,155 SF
Sold 06/17/2022
the dealplayerscompscontact
Property Image
SOLD

SRS Real Estate Partners Handles $21M Retail Portfolio Sale In Alaska, Arkansas, Florida, Georgia, Mississippi, Nebraska, New Mexico, North Carolina, Ohio & Virginia

Retail83,155 SF
Sold 06/17/2022
John Redfield
Matthew Mousavi
Patrick Luther
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$252
Total Square Footage:83,155 SF
Transaction Type:Sale

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

Patrick Luther
SRS Real Estate Partners
Patrick Luther
62 deals$949.3M volume
BROKER
Matthew Mousavi
SRS Real Estate Partners
Matthew Mousavi
75 deals$1.1B volume
BROKER
John Redfield
SRS Real Estate Partners
John Redfield
13 deals$557.8M volume
BROKER

Details

SOLD
IMAGE: John Redfield, Matthew Mousavi & Patrick Luther DATE: 06/17/2022 ADDRESS: Single Tenant Retail Portfolio MARKET: Alaska, Arkansas, Florida, Georgia, Mississippi Nebraska, New Mexico, North Carolina, Ohio & Virginia ASSET TYPE: Retail BROKERS: John Redfield, Matthew Mousavi & Patrick Luther - SRS Real Estate Partners SALE PRICE: $21,000,000 SF: 83,155 ~ PPSF: $253

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

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56