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
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