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3511 Rio Vista Avenue, Orla...

Cherna Moskowitz Acquires Retail Property In Orlando For $9.01M
SOLDRetail

Cherna Moskowitz Acquires Retail Property In Orlando For $9.01M

3511 Rio Vista Avenue, Orlando, Florida 32805, United States

$9,014,805

$1,057/SF

Building Size

8,524 SF

Asset Type

Retail

Closing

Apr 10, 2022

AI

A retail property located at 3511 Rio Vista Avenue in Orlando has been sold in a recent transaction. The property spans a total area of 8,524 square feet and was sold for a price of $9,014,805, resulting in a price per square foot of $1,058. The sale was completed on April 11, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $9,014,805
  • Address: 3511 Rio Vista Avenue, Orlando
  • Market: Orlando

The buyer of the property is Cherna Moskowitz, while Avid Realty Partners acted as the seller. The deal was facilitated by brokers Matt Berres, Jordan Alleva, Samer Khalil, and Karick Brown of Newmark.

Players

Matt Berres

Newmark

Broker

$206.7M

vol

9 deals

Broker

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93