Marcus & Millichap Sells CVS Property In Orlando, Florida For $7.2M
2702 S Orange AveOrlando, FL 32806, USA
$7,210,000
$529/SF
Building Size
13,616 SF
Asset Type
Retail
Closing
May 25, 2023
About this deal
AI
A CVS property located at 2702 South Orange Avenue in Orlando, Florida, has been sold for $7.21 million. The transaction, facilitated by Marcus & Millichap, attracted multiple offers and achieved top market pricing. The property spans 13,616 square feet and is situated in a prime location surrounded by medical facilities and in proximity to major thoroughfares.
Summary of transaction details
- Property Type: Retail
- Sale Price: $7,210,000
- Square Footage: 13,616
- Price per Square Foot: $530
- Address: 2702 South Orange Avenue, Orlando, Florida
- Market: Orlando
The sale of the CVS property was executed by Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves from Marcus & Millichap. The prime location of the property, surrounded by medical facilities and with easy access to major thoroughfares, contributed to the high level of interest and competitive offers received for the transaction.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93