PMAT Cos. Sells Kissimmee Retail Property On 9.7 Acres For $12.7M With JLL As Brokers
1251 W Columbia Ave, Kissimmee, FL, USA
$12,700,000
$192/SF
Building Size
65,853 SF
Asset Type
Retail
Closing
Oct 13, 2021
About this deal
AI
The recently closed property transaction in Kissimmee involved the sale of a retail asset spanning across 9.7 acres. The property, located at 1251 W. Columbia Ave, boasts a total area of 65,853 square feet. The asset was sold for a total price of $12,700,000, at a price per square foot of $193.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,700,000
- Address: 1251 W. Columbia Ave
- Market: Kissimmee
- Acres: 9.7
The seller in this transaction was PMAT Cos. Acting as the brokers for the deal were Danny Finkle, Brad Peterson, Eric Williams, Whitaker Leonhardt, and Kim Flores from JLL.
Players
Kissimmee 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93