Aloma International Properties Inc Acquires Retail Property In Orlando For $12.3M
SOLD
$12,300,000
Florida
See Similar DealsRetail75,701 SF
Sold
SOLD
Aloma International Properties Inc Acquires Retail Property In Orlando For $12.3M
2332 Oak Ridge Road, Orlando, Florida 32809, United States
See Similar DealsRetail75,701 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:75,701 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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