11North Partners Acquires Retail Asset From Washington Prime Group For $59.5M In Altamonte Springs
280 Florida Highway 434
$59,500,000
$208/SF
Building Size
285,000 SF
Asset Type
Retail
Closing
May 6, 2026
AI
The property asset involved in this transaction is located at 280 Florida Highway 434 in Altamonte Springs. The retail asset encompasses a total area of 285,000 square feet and was sold for a price of $59,500,000, resulting in a price per square foot of $208.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $59,500,000
- Address: 280 Florida Highway 434
- Market: Altamonte Springs
- Square Footage: 285,000
- Price per Square Foot: $208
- Buyer: 11North Partners
- Seller: Washington Prime Group
- Brokers: Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr & Jacob Wise - JLL Florida Retail - JLL
Key individuals and companies involved in this transaction include the buyer, 11North Partners, and the seller, Washington Prime Group. The brokerage team representing the transaction consists of Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr, and Jacob Wise from JLL, specifically within the Florida retail market.
Players
Altamonte Springs 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93