Core Investment Management Acquires Orlando Square Shopping Center In Orlando For $25.1M
1700 Sand Lake Rd Orlando, FL 32809, USA
$25,100,000
$136/SF
Building Size
183,877 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
Core Investment Management has acquired Orlando Square, a 183,877-square-foot shopping center located at 1700 Sand Lake Road in Orlando, Florida. The property was sold by Apollo Global Management Inc. for a total of $25.1 million. This transaction represents a 43% appreciation in value since the property's last sale in 2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,100,000
- Square Footage: 183,877
- Purchase Price per Square Foot: $137
- Address: 1700 Sand Lake Road, Orlando, Florida
- Market: Orlando
Jim Michalak and Jeff Berkezchuk, representing Core Investment Management, facilitated the transaction as the buyer's brokers.
Core Investment Management plans to make improvements to Orlando Square and enhance its tenant mix.
On the Map
$25,100,000
$136/SF
Retail
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Players
Miami 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93