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2807 East South Street Orla...

Updated Oct 29, 2024

July Capital LLC Acquires Retail Property In Orlando's Milk District For $1.2M
SOLDRetail

July Capital LLC Acquires Retail Property In Orlando's Milk District For $1.2M

2807 East South Street Orlando, Florida 32803, Usa

$1,200,000

$464/SF

Building Size

2,584 SF

Asset Type

Retail

Closing

May 19, 2023

About this deal

AI

July Capital LLC has acquired a retail property located at 2807 East South Street in Orlando's Milk District for $1.2 million. The property spans 0.3 acres and features a total of 2,584 square feet. The purchase price per square foot stands at $464. This transaction represents a significant appreciation in value, as the property's worth has increased by 140% since it was purchased for $500,000 in January 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,200,000
  • Address: 2807 East South Street, Orlando
  • Market: Orlando
  • Acres: 0.3

July Capital LLC, a real estate investment firm, served as the buyer in this transaction. They acquired the property from Patmin LLC. The purchase of this retail property sets the stage for Twelve Talons Beerworks to open its doors in the Milk District of Orlando. The transaction showcases the buyer's foresight, capitalizing on the property's appreciating value.

Players

Orlando Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $464 per square foot on a published $1.2M for 2,584 square feet (2023).

Browse Florida retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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