Paradise Apartments Acquires Retail Property In Kissimmee For $5.1M
4137 West Vine Street, Kissimmee, Florida 34741, United States
$5,100,000
$211/SF
Building Size
24,088 SF
Asset Type
Retail
Closing
Jan 19, 2022
AI
A retail property located at 4137 W Vine St. in Kissimmee has been sold in a recent transaction. The property spans 2.9 acres and is part of the Sunrise Plaza Enterprise Inc.
Summary of transaction details
- Property Type: Retail
- Sale Price: $5,100,000
- Square Footage: 24,088
- Price per Square Foot: $212
- Buyer: Paradise Apartments
- Seller: Sunrise Plaza Enterprise Inc.
- Broker: Salim Valiani - Marcus & Millichap
The retail property was sold for a total of $5,100,000, with a square footage of 24,088 and a price per square foot of $212. The transaction involved Paradise Apartments as the buyer and Sunrise Plaza Enterprise Inc. as the seller. Salim Valiani from Marcus & Millichap represented both parties as the broker in the deal.
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