W Real LLC Acquires Retail Property In Orlando For $10M With Marcus & Millichap Brokers, Giambrone & Nee
11570 South Orange Blossom Trail, Orlando, Florida 32837, United States
$10,000,000
$252/SF
Building Size
39,557 SF
Asset Type
Retail
Closing
Jul 10, 2022
AI
11570 S Orange Blossom Trail in Orlando has been sold in a recent transaction. The retail property spans across 4.8 acres and has several notable features.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 11570 S Orange Blossom Trail
- Market: Orlando
- Acres: 4.8
- Buyer: W Real LLC
- Seller: Cedar Plaza Holdings LLC
- Brokers: Tim Giambrone & Ryan Nee - Marcus & Millichap
- Units: 14
- Price Per Unit: $714,286
- Square Footage: 39,557
- Price Per Square Foot: $253
In this transaction, W Real LLC acquired the property from Cedar Plaza Holdings LLC. The deal was facilitated by brokers Tim Giambrone and Ryan Nee from Marcus & Millichap. The retail property consists of 14 units and is priced at $714,286 per unit. The total square footage is 39,557, with a price per square foot of $253.
Players
Orlando 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93