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2332 Oak Ridge Road, Orland...

Aloma International Properties Inc Acquires Retail Property In Orlando For $12.3M
SOLDRetail

Aloma International Properties Inc Acquires Retail Property In Orlando For $12.3M

2332 Oak Ridge Road, Orlando, Florida 32809, United States

$12,300,000

$162/SF

Building Size

75,701 SF

Asset Type

Retail

Closing

Jun 29, 2022

AI

On June 30, 2022, a retail property located at 2332 W. Oak Ridge Road in Orlando was sold for a total price of $12,300,000. The property, which spans an area of 75,701 square feet, was sold at a price of approximately $162 per square foot. The sale was facilitated by Nick Ledvora from Marcus & Millichap.

Summary of Transaction Details:

  • Property Type: Retail
  • Sale Price: $12,300,000
  • Square Footage: 75,701
  • Price Per Square Foot: $162
  • Address: 2332 W. Oak Ridge Road, Orlando
  • Buyer: Aloma International Properties Inc
  • Seller: 2332 West Oak Ridge Road LLC
  • Broker: Nick Ledvora - Marcus & Millichap

The buyer in this transaction was Aloma International Properties Inc. The seller was 2332 West Oak Ridge Road LLC. Nick Ledvora from Marcus & Millichap acted as the broker representing the parties involved in the deal.

Players

Nick Ledvora

LH Capital Partners

Broker

$127M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93