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367 North Orange Avenue, Or...

Alex Karakhainan Acquires Development Site In Orlando For $9.3M From Seller Avi Weintraub
SOLDDevelopment Site

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Orlando Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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