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280 Florida Highway 434

11North Partners Acquires Retail Asset From Washington Prime Group For $59.5M In Altamonte Springs
SOLDRetail

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:

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

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
11North Partners
11North PartnersBuyer
Washington Prime Group
Washington Prime GroupSeller

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