Paradise Apartments Acquires Sunrise Plaza In Kissimmee For $5.1M
SOLD
$5,100,000
Florida
See Similar DealsRetail34,088 SF
SOLD
Paradise Apartments Acquires Sunrise Plaza In Kissimmee For $5.1M
4137 W Vine St, Kissimmee, FL, 34741
See Similar DealsRetail34,088 SF
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$149
Total Square Footage:34,088 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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