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4110 Winter Garden Vineland...

Updated Dec 4, 2024

ABC Fine Wine & Spirits Acquires Winter Garden Retail Property For $5.5M
SOLDRetail

ABC Fine Wine & Spirits Acquires Winter Garden Retail Property For $5.5M

4110 Winter Garden Vineland Road

$5,500,000

$366/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Oct 23, 2023

About this deal

AI

A Winter Garden property located at 4110 Winter Garden Vineland Road has been sold for $5.5 million. The property spans 1.4 acres and features a 15,000-square-foot retail building. This retail space will now be owned by ABC Fine Wine & Spirits, who plans to open a new store on the premises by February 1, 2024. The larger location will include a spacious tasting area and a dedicated "whiskey experience" section, along with various digital enhancements.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Address: 4110 Winter Garden Vineland Road
  • Market: Winter Garden
  • Acres: 1.4

ABC Fine Wine & Spirits, represented by Sean Kelly, acquired the property from LCA Development, represented by Lee Chira, in this transaction. This purchase allows ABC Fine Wine & Spirits to expand its presence in the Winter Garden area and offer customers a larger and enhanced shopping experience.

Players

Winter Garden Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $366 per square foot on a published $5.5M for 15,000 square feet (2023).

Browse Florida retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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