Marcus & Millichap Brokers $19.5M Sale Of Grocery-Anchored Shopping Center In Orlando
2625 Hiawassee Road
$19,500,000
$143/SF
Building Size
136,189 SF
Asset Type
Retail
Closing
Jun 18, 2026
About this deal
AI
The property asset involved in this transaction is Westgate Square, a grocery-anchored shopping center located at 2625 Hiawassee Road, Orlando, FL. The sale price of the property was $19,500,000, and it encompasses a total square footage of 136,189. The price per square foot was calculated at $143. The shopping center is fully leased and features prominent tenants such as Bravo Supermarket, Goodwill, Family Dollar, and Hibbett Sports.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,500,000
- Square Footage: 136,189
- Price per Square Foot: $143
- Address: 2625 Hiawassee Road
- Market: Orlando, FL
- Brokers: Salim Valiani & Yassin Benkabbou - Marcus & Millichap
This transaction was brokered by Marcus & Millichap on behalf of a private seller from South Florida. The brokers involved, Salim Valiani and Yassin Benkabbou, played a key role in the successful completion of the sale, facilitating the deal between the seller and the buyers.
On the Map
$19,500,000
$143/SF
Retail
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Market 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93