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9598 Southwest 114th Street

Marcus & Millichap Sells Retail Property In Ocala For $10.5M With Buyer's Rep Ryan Nee & Seller's Rep Scott Wiles
SOLDRetail

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

$10,539,673

$119/SF

Building Size

88,550 SF

Asset Type

Retail

Closing

Nov 2, 2022

AI

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.

Players

Ryan Nee

Marcus & Millichap

Broker

$384.6M

vol

21 deals

Broker

Vashon 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93