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3350 West Southport Road, K...

Stanley Properties Acquires Medical Retail Property In Kissimmee For $12.3M
SOLDRetail

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

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Kissimmee 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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93