Curtis Frost Of WMG Development Sells Narcoossee Cove Retail Development In Orlando For $31M
12040 Pioneers Way
$31,000,000
$858/SF
Building Size
36,100 SF
Asset Type
Retail
Closing
Feb 11, 2025
AI
The transaction involved the sale of a retail development known as Narcoossee Cove located at 12040 Pioneers Way, 11955, 11915, 11825 & 12061 Narcoossee Road in Orlando. The property encompasses 36,100 square feet and achieved a sale price of $31,000,000, translating to a price per square foot of $859.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $31,000,000
- Sale Date: 02/11/2025
- Square Footage: 36,100
- Price per Square Foot: $859
- Seller: Curtis Frost - WMG Development
- Broker Representatives: Michael Brewster & Tommy Isola - Colliers
- Market: Orlando
Colliers facilitated the sale process through multiple transactions with five buyers, with Curtis Frost representing WMG Development as the seller in this agreement.
Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93