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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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