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
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