Limestone Asset Management Acquires Orlando Property At 4200 Conroy Rd For $22.7M
4200 Conroy Rd, Orlando, FL, 32839
$22,700,000
$217/SF
Building Size
104,188 SF
Asset Type
Other
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction consists of seven single-tenant outparcels located at 4200 Conroy Rd, Orlando, FL, 32839, within the Orlando market. The total price for the outparcels was $22,700,000.00, with an overall square footage of 104,188. Six of the outparcels were leased to retail tenants at the time of sale, including BJ’s Brewhouse, DSW, Ethan Allen, Old Navy, Olive Garden, and West Elm. The final outparcel was an office building leased to Ingenus Pharmaceuticals.
Summary of transaction details:
- Property Type: Outparcels
- Transaction Amount: $22,700,000.00
- Address: 4200 Conroy Rd, Orlando, FL, 32839
- Market: Orlando
- Square Footage: 104,188
- Buyer: Limestone Asset Management
- Seller: Unknown
- Selling Agents: Matthew Mousavi - SRS Real Estate Partners, Gradon Willard - BluRock Commercial Real Estate
- Original Developer: Unknown
The deal was facilitated by Patrick Luther, Matthew Mousavi, and Patrick Nutt from SRS, along with Gradon Willard from BluRock Commercial Real Estate, who represented the undisclosed seller. Limestone Asset Management is affiliated with Miami-based Orion Real Estate Group.
Players
Orlando Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93