D. Lerner Acquires Retail Property In Sanford, FL For $5.61M
SOLD
$5,610,000
Florida
See Similar DealsRetail16,900 SF
Sold 04/19/2021
SOLD
D. Lerner Acquires Retail Property In Sanford, FL For $5.61M
2820 S Orlando Dr, Sanford, Florida 32773, United States
See Similar DealsRetail16,900 SF
Sold 04/19/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$332
Total Square Footage:16,900 SF
Transaction Type:Sale
The retail property located at 2820 S Orlando Dr in Sanford, FL has been sold. The transaction took place on 04/19/2021. The property spans a total area of 16,900 square feet, with a sale price of $5,610,000. The price per square foot for this transaction was $332. The seller of the property was Bobby Dan, while the buyer was D. Lerner. Lior Regenstreif, from Lior Regenstreif agency, served as the broker for this deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,610,000
- Market: Sanford, FL
- Address: 2820 S Orlando Dr
D. Lerner was the buyer in this transaction, while Bobby Dan served as the seller. Lior Regenstreif, from Lior Regenstreif agency, represented the parties as the broker for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$299,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,931.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,594.26
Annual Debt Service$319,131.15
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