Marcus & Millichap Sells Retail Property In Ocala For $10.5M With Buyer's Rep Ryan Nee & Seller's Rep Scott Wiles
SOLD
$10,539,673
+ 1
Washington
See Similar DealsRetail88,550 SF
Sold 11/03/2022
SOLD
Marcus & Millichap Sells Retail Property In Ocala For $10.5M With Buyer's Rep Ryan Nee & Seller's Rep Scott Wiles
9598 Southwest 114th Street
See Similar DealsRetail88,550 SF
Sold 11/03/2022
+ 1
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$119
Total Square Footage:88,550 SF
Transaction Type:Sale
Located at 9598 Southwest 114th Street in Ocala, this retail property recently changed hands in a closed transaction. The property spans 88,550 square feet and was sold for a total price of $10,539,673, resulting in a price per square foot of $119. The sale took place on November 3, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,539,673
- Address: 9598 Southwest 114th Street, Ocala
- Square Footage: 88,550
- Price per Square Foot: $119
The transaction was facilitated by Ryan Nee, Scott Wiles, Erin Patton, and Craig Fuller from Marcus & Millichap, serving as the brokers representing the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$562,115.89
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,445.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,963.43
Annual Debt Service$599,561.13
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