Island Management Acquires Retail Property In Orlando For $6.26M With Brokers Daniel Baruch & Ari Warshaw - Legacy Realty Group Advisors
27405 US Route 27
$6,262,000
$102/SF
Building Size
61,220 SF
Asset Type
Retail
Closing
Sep 1, 2023
AI
Island Management has acquired a retail property in Orlando located at 27405 Us Route 27. The property spans 61,220 square feet and was sold for a price of $6,262,000, reflecting a price per square foot of $102. The transaction took place between buyer Island Management and seller Thomas Oakley, with representation from brokers Daniel Baruch and Ari Warshaw of Legacy Realty Group Advisors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,262,000
- Square Footage: 61,220
- Price per Square Foot: $102
- Address: 27405 Us Route 27, Orlando
- Buyer: Island Management
- Seller: Thomas Oakley
- Brokers: Daniel Baruch & Ari Warshaw - Legacy Realty Group Advisors
The acquisition of this retail property in Orlando showcases the active involvement of Island Management in expanding its portfolio. Led by brokers Daniel Baruch and Ari Warshaw, Legacy Realty Group Advisors played a significant role in facilitating the successful transaction. This strategic move allows Island Management to further establish its presence in the commercial real estate sector in Orlando.
Players
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
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93