Positively Pine Street LP Acquires Mixed-Use Property In Orlando For $5M
SOLD
$5,000,000
Florida
See Similar DealsMixed-use18,094 SF
Sold 06/24/2020
SOLD
Positively Pine Street LP Acquires Mixed-Use Property In Orlando For $5M
29 South Orange Avenue, Orlando, FL, USA
See Similar DealsMixed-use18,094 SF
Sold 06/24/2020
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$276
Total Square Footage:18,094 SF
Transaction Type:Sale
Positively Pine Street LP has acquired a mixed-use property located at 29 South Orange Avenue in Orlando. The transaction took place on June 24, 2021. The property was sold by Webster Drug Stores Inc., with Darryl Hoffman and Cody Manzella from JLL representing the seller.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,000,000
- Address: 29 South Orange Avenue
- Market: Orlando
- Square Footage: 18,094 SF
- Price per Square Foot: $276
Darryl Hoffman and Cody Manzella from JLL acted as the representatives for the seller, Webster Drug Stores Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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