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
About this deal
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.
On the Map
$31,000,000
$858/SF
Retail
View full map
Players
Orlando Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Brewster to view all their deals.
Browse Orlando retail sales on Traded.
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