FrostPoint Capital Acquires Retail Property In Orlando For $9.9M
13200 East Colonial Drive, Orlando, Florida 32826, United States
$9,900,000
$158/SF
Building Size
62,460 SF
Asset Type
Retail
Closing
Jun 5, 2022
About this deal
AI
The retail property located at 13200 E Colonial Dr in Orlando has been sold in a transaction facilitated by Kirk Olson and Drew Kristol of Institutional Property Advisors (IPA) - Marcus & Millichap. The deal was completed on 06/06/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,900,000
- Market: Orlando
- Address: 13200 E Colonial Dr
- Buyer: FrostPoint Capital
- Seller: Harry Spitzer - HS Capital
- Brokers: Kirk Olson & Drew Kristol - Institutional Property Advisors (IPA) - Marcus & Millichap
- SF (Square Footage): 62,460
- Price per Square Foot (PPSF): $159
The buyer, FrostPoint Capital, acquired the property from the seller, Harry Spitzer of HS Capital. Kirk Olson and Drew Kristol from Institutional Property Advisors (IPA) - Marcus & Millichap represented both parties in the transaction. This sale demonstrates the active retail market in Orlando and the vibrant commercial real estate industry in the area.
On the Map
$9,900,000
$158/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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93