Marcus & Millichap Sells Winter Springs Mixed-Use Property In Orlando For $8.82M
851 E State Road 434, Winter Springs, Florida 32708, United States
$8,820,000
$176/SF
Building Size
50,000 SF
Asset Type
Mixed-use
Closing
May 11, 2022
AI
Located at 851 E State Road 434 in Winter Springs, Orlando, this mixed-use property spans across 7.36 acres. The sale of this property was facilitated by Marcus & Millichap, with representation by Douglas Mandel, Braden Dwyer, and Scott Gould. The transaction took place on May 12, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,820,000
- Address: 851 E State Road 434, Winter Springs, Orlando
- Market: Winter Springs, Orlando
- Acres: 7.36
Spanning 50,000 square feet, the property was sold for a price of $8,820,000, equating to a price per square foot of $175.
Note: No additional information is available regarding the property or the individuals involved in the transaction.
Players
Winter Springs 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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93