Positively Pine Street LP Acquires Mixed-Use Property In Orlando For $5M
29 South Orange Avenue, Orlando, FL, USA
$5,000,000
$276/SF
Building Size
18,094 SF
Asset Type
Mixed-use
Closing
Jun 24, 2020
About this deal
AI
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.
Players
Orlando Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93