Millenia Plaza LLC Purchases Property From Private Investor For $7.1 Million In Orlando
SOLD
$7,100,000
Florida
See Similar Deals8,200 SF
SOLD
Millenia Plaza LLC Purchases Property From Private Investor For $7.1 Million In Orlando
4724 Millenia Plaza Way, Orlando, FL...
See Similar Deals8,200 SF
Summary
FLORIDA
Price Per Square Foot:$865
Total Square Footage:8200 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 4724 Millenia Plaza Way, Orlando, FL. The transaction was valued at $7,100,000.00 for a total square footage of 8,200. The market for this property is Orlando. The seller is a private investor.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,100,000.00
- Address: 4724 Millenia Plaza Way, Orlando, FL
- Square Footage: 8,200
- Market: Orlando
- Seller: Private Investor
- Buyer: Millenia Plaza LLC
- Seller's Representative: Chris Kostanecki, Jerry Jones (Inc)
The key individuals involved in the transaction include the buyer, Millenia Plaza LLC, who acquired the property from a private investor. The representatives for the seller, Chris Kostanecki and Jerry Jones from Inc., facilitated the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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