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

Property Image
SOLD
$30,500,000
Whitaker Leonhardt
Brad Peterson
+ 1

Florida

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Retail57,747 SF
Sold 09/07/2021
the dealplayerscompscontact
Property Image
SOLD

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

3107 South Orange Avenue, Orlando, FL, USA

See Similar Deals
Retail57,747 SF
Sold 09/07/2021
Whitaker Leonhardt
Brad Peterson
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$528
Total Square Footage:57,747 SF
Transaction Type:Sale

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
16 deals$269.7M volume(702) 236-1186
BROKER

Brad Peterson
Colliers
31 deals$631.9M volume
BROKER

Whitaker Leonhardt
Colliers
29 deals$609.2M volume
BROKER

Michael Brewster
Colliers
10 deals$191.1M volume(813) 758-8797
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Michael Brewster, Brad Peterson & Whitaker Leonhardt DATE: 09/07/2021 ADDRESS: 3107 S. Orange Ave MARKET: Orlando ASSET TYPE: Retail ~ ACRES: 8 ~ PPA: $3,812,500 SELLER: Intram Investments, Inc. & BluRock Commercial Real Estate BROKERS: Brad Peterson, Whitaker Leonhardt, Michael Brewster & Tommy Isola - JLL SALE PRICE: $30,500,000 SF: 57,747 ~ PPSF: $528

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,626,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72