Paradise Apartments Acquires Sunrise Plaza In Kissimmee For $5.1M
4137 W Vine St, Kissimmee, FL, 34741
$5,100,000
$149/SF
Building Size
34,088 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The retail property located at 4137 W Vine St, Kissimmee, FL, 34741, known as Sunrise Plaza, was sold for $5,100,000.00. The property spans 24,088 square feet and is situated in the market of Kissimmee.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000.00
- Seller's Representative: Salim Valiani (Marcus & Millichap)
- Buyer: Paradise Apartments
- Square Footage: 24,088
Salim Valiani of Marcus & Millichap played a dual role in the transaction as the seller's representative for the entity known as Sunrise Plaza Enterprise Inc. Paradise Apartments emerged as the buyer in this deal, adding the Sunrise Plaza property to their portfolio.
Kissimmee 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93