Lena Halikias Purchases Retail Property From Ken Israel In Orlando For $4.9M
11804 East Colonial Drive
$4,900,000
$619/SF
Building Size
7,911 SF
Asset Type
Retail
Closing
Apr 30, 2025
About this deal
AI
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.
On the Map
$4,900,000
$619/SF
Retail
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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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93