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4724 Millenia Plaza Way, Or...

Millenia Plaza LLC Purchases Property From Private Investor For $7.1 Million In Orlando
SOLD

Millenia Plaza LLC Purchases Property From Private Investor For $7.1 Million In Orlando

4724 Millenia Plaza Way, Orlando, FL...

$7,100,000

$865/SF

Building Size

8,200 SF

Asset Type

Closing

Nov 19, 2023

AI

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.

Players

Chris Kostanecki

Broker

$14M

vol

2 deals

Broker

Orlando CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93