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3107 South Orange Avenue, O...

Intram Investments & BluRock Commercial Real Estate Sell Retail Property In Orlando For $30.5M
SOLDRetail

Intram Investments & BluRock Commercial Real Estate Sell Retail Property In Orlando For $30.5M

3107 South Orange Avenue, Orlando, FL, USA

$30,500,000

$528/SF

Building Size

57,747 SF

Asset Type

Retail

Closing

Sep 7, 2021

AI

An 8-acre retail property located at 3107 S. Orange Ave in Orlando has been sold for $30,500,000. The property spans a total of 57,747 square feet, resulting in a price per square foot of $528. The transaction took place on September 7, 2021. The sellers of the property were Intram Investments, Inc. and BluRock Commercial Real Estate.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $30,500,000
  • Address: 3107 S. Orange Ave, Orlando
  • Market: Orlando
  • Acres: 8
  • Price Per Acre: $3,812,500
  • Square Footage: 57,747
  • Price Per Square Foot: $528

The sale of the property was facilitated by Brad Peterson, Whitaker Leonhardt, Michael Brewster, and Tommy Isola from JLL. They represented both the sellers, Intram Investments, Inc. and BluRock Commercial Real Estate, in the deal.

Players

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
JLL
JLLBrokerage

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

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93