Lena Halikias Purchases Retail Property From Ken Israel In Orlando For $4.9M
SOLD
$4,900,000
+ 1
Florida
See Similar DealsRetail7,911 SF
Sold 05/01/2025
SOLD
Lena Halikias Purchases Retail Property From Ken Israel In Orlando For $4.9M
11804 East Colonial Drive
See Similar DealsRetail7,911 SF
Sold 05/01/2025
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$619
Total Square Footage:7,911 SF
Transaction Type:Sale
The retail asset located at 11804 East Colonial Drive in the Orlando market has a sale price of $4,900,000. The property encompasses a total area of 7,911 square feet, which equates to a price per square foot of $619.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 11804 East Colonial Drive
- Market: Orlando
- Square Footage: 7,911
- Price Per Square Foot: $619
- Buyer: Lena Halikias
- Seller: Ken Israel
- Brokers: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
The transaction was represented by brokers Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves, who are affiliated with Marcus & Millichap in this deal. Their involvement highlights the collaborative effort in facilitating this retail property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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