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
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93