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
About this deal
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.
On the Map
$35,000,000
$578/SF
Retail
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Players
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