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
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