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
Loading comparables…
Deal FAQ
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