Stanley Properties Acquires Medical Retail Property In Kissimmee For $12.3M
SOLD
$12,300,000
+ 3
Florida
See Similar DealsRetail37,454 SF
Sold 04/14/2022
SOLD
Stanley Properties Acquires Medical Retail Property In Kissimmee For $12.3M
3350 West Southport Road, Kissimmee, Florida 34746, United States
See Similar DealsRetail37,454 SF
Sold 04/14/2022
+ 3
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$328
Total Square Footage:37,454 SF
Transaction Type:Sale
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.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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