Stanley Properties Acquires Medical Retail Property In Kissimmee For $12.3M
3350 West Southport Road, Kissimmee, Florida 34746, United States
$12,300,000
$328/SF
Building Size
37,454 SF
Asset Type
Retail
Closing
Apr 13, 2022
AI
Stanley Properties has acquired a medical retail property in Kissimmee for $12,300,000. The property, located at 3350 W. Southport Road, spans across 3.9 acres. The transaction took place on April 14, 2022. The facility offers a total of 37,454 square feet, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Medical Retail
- Transaction Amount: $12,300,000
- Address: 3350 W. Southport Road
- Market: Kissimmee
- Acres: 3.9
The buyer, Stanley Properties, was represented by Mark Shellabarger and Ari Ravi of CBRE. On the other side, the seller was represented by Greg Matus, Adam Tiktin, Alex Lazo, and Jonathan de Maa of Franklin Street.
Players
Kissimmee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93