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
Loading comparables…
Deal FAQ
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