WWX2 LLC Acquires Retail Property In Kissimmee For $14.3M With Buyer's Rep Houwen Zhou & Seller's Rep Kevin Yaryan, Kyle Stonis, & Pierce Mayson
1005 West Vine Street, Kissimmee, FL, USA
$14,300,000
$171/SF
Building Size
83,340 SF
Asset Type
Retail
Closing
Nov 18, 2021
AI
A retail property located at 1005 W Vine St in Kissimmee has been sold. The transaction took place on November 18, 2021. The property, spanning 83,340 square feet, was purchased by WWX2 LLC from Kissimmee Korners LLP. The sale price for the property was $14,300,000, resulting in a price per square foot of $172.
Summary of transaction details
- Property Type: Retail
- Sale Price: $14,300,000
- Square Footage: 83,340
- Address: 1005 W Vine St, Kissimmee
- Market: Kissimmee
Houwen Zhou from Lokation Real Estate represented WWX2 LLC as the buyer's representative in the deal. Kevin Yaryan, Kyle Stonis, and Pierce Mayson from SRS Investment Properties Group represented Kissimmee Korners LLP as the seller's representatives.
Players
Kissimmee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93