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
SOLD
$14,300,000
+ 1
Florida
See Similar DealsRetail83,340 SF
Sold 11/18/2021
SOLD
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
See Similar DealsRetail83,340 SF
Sold 11/18/2021
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$171
Total Square Footage:83,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$762,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55
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