CVS-Occupied Retail Store In Orlando Sells For $6.3M Through Marcus & Millichap
3212 Curry Ford Rd, Orlando, FL, 32806
$6,300,000
$455/SF
Building Size
13,824 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The property involved in the transaction is a 13,824-square-foot retail store located at 3212 Curry Ford Road in Orlando, Florida. The asset, net leased to CVS/pharmacy, was sold for $6.3 million. The sale was brokered by Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg of Marcus & Millichap's Miami office. The seller was an unknown limited liability company, and the buyer's identity remains undisclosed.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000.00
- Address: 3212 Curry Ford Rd, Orlando, FL, 32806
- Market: Orlando
- Buyer's Rep: Ricardo Esteves (Marcus & Millichap)
- Seller: Unknown LLC
- SF: 13824
The sale of the retail property located at 3212 Curry Ford Road in Orlando was facilitated by the team at Marcus & Millichap's Miami office, comprising Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg. Both the seller, an undisclosed limited liability company, and the buyer preferred to keep their identities anonymous throughout the transaction.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93