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3920 W Colonial Dr Orlando,...

Calvin Tavares Acquires Retail Property In Orlando For $3.75M
SOLDRetail

Calvin Tavares Acquires Retail Property In Orlando For $3.75M

3920 W Colonial Dr Orlando, FL 32808, USA

$3,750,000

$141/SF

Building Size

26,600 SF

Asset Type

Retail

Closing

Jun 29, 2023

AI

The retail property located at 3920 West Colonial Drive in Orlando has been sold in a recent transaction. The property spans across 26,600 square feet and was sold for a total price of $3,750,000, resulting in a price per square foot of $141. The sale involved the following parties:

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,750,000
  • Address: 3920 West Colonial Drive, Orlando
  • Market: Orlando

The buyer, Calvin Tavares, acquired the property from the seller, ARCTRUST. Representing the buyer in this transaction was Daniel Frees and Jeremy Miller from KW Commercial. On the other hand, Eric Spritz and Daniel Solomon from Katz & Associates Real Estate Advisors acted as the seller's representatives.

Players

Eric Spritz

Katz & Associates Real Estate Advisors

Broker

$15.4M

vol

2 deals

Broker
Matthews
Matthews Brokerage

Miami 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93