Alex Karakhainan Acquires Development Site In Orlando For $9.3M From Seller Avi Weintraub
367 North Orange Avenue, Orlando, Florida 32801, United States
$9,325,000
$208/SF
Building Size
44,706 SF
Asset Type
Development Site
Closing
Apr 4, 2022
AI
A development site located at 367 N Orange Ave in Orlando has been sold for $9,325,000. The property spans approximately 44,706 square feet, resulting in a price per square foot of $209. The transaction took place on 04/05/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,325,000
- Address: 367 N Orange Ave
- Market: Orlando
The buyer of the development site was Alex Karakhainan. Avi Weintraub served as the seller in the transaction. The brokers involved in the deal were Miguel Pinto and Ron Mann from APEX Capital Realty, as well as Tim Martorella from Madison Capital Group.
Players
Orlando Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.70%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93