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18 Wall Street

Updated Dec 4, 2024

18 Wall Street Partners LLC Acquires Mixed-Use Building In Orlando For $2M
SOLDMixed-use

18 Wall Street Partners LLC Acquires Mixed-Use Building In Orlando For $2M

18 Wall Street

$2,000,000

$440/SF

Building Size

4,540 SF

Asset Type

Mixed-use

Closing

Oct 23, 2023

About this deal

AI

The property located at 18 Wall Street in Orlando has been sold in a transaction for a total of $2,000,000. The mixed-use building spans an area of 0.06 acres and consists of a two-story structure with ground-level retail space and second-floor office space. The sale price equates to a square footage cost of $441, with a total area of 4,540 square feet.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,000,000
  • Address: 18 Wall Street, Orlando
  • Market: Orlando
  • Acres: 0.06

The buyer of the property is 18 Wall Street Partners LLC, while the seller is Fubar of Orlando Inc, owned by Victor Chapman & Steve Ruta, who are partners of the law firm Barrett, Chapman & Ruta PA. The intentions for the property after the acquisition remain unclear. However, it is worth noting that new owners often reinvest in downtown properties following such sales.

Players

Orlando Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $440 per square foot on a published $2M for 4,540 square feet (2023).

Browse Orlando mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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