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13000 Narcoossee Road, Orla...

Flocchini/Van Wagner Families Acquire Retail Property On Narcoossee Rd In Orlando For $35M
SOLDRetail

Flocchini/Van Wagner Families Acquire Retail Property On Narcoossee Rd In Orlando For $35M

13000 Narcoossee Road, Orlando, FL 32832, USA

$35,000,000

$578/SF

Building Size

60,557 SF

Asset Type

Retail

Closing

Sep 2, 2021

AI

The retail property located at 13000 Narcoossee Rd in Orlando has been sold for a price of $35,000,000. The transaction took place on 09/02/2021. The property spans a total area of 60,557 square feet, resulting in a price per square foot of $578. It sits on a land area of 14.6 acres, with a price per acre of $2,397,260. The buyers in this deal are the Flocchini/Van Wagner Families, while the sellers are North American Development Group and Blackfin Partners Investments.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $35,000,000
  • Address: 13000 Narcoossee Rd.
  • Market: Orlando
  • Square Feet: 60,557
  • Price Per Square Foot: $578
  • Land Area: 14.6 acres
  • Price Per Acre: $2,397,260

The sale of the property was facilitated by JLL Capital Markets, with Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Tommy Isola serving as the brokers representing the Flocchini/Van Wagner Families. The involvement of these key individuals and companies highlights the collaborative effort that contributed to the successful completion of this transaction.

Players

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
JLL
JLLBrokerage

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93