Paradise Apartments Acquires Retail Property In Kissimmee For $5.1M
SOLD
$5,100,000
Florida
See Similar DealsRetail24,088 SF
Sold 01/20/2022
SOLD
Paradise Apartments Acquires Retail Property In Kissimmee For $5.1M
4137 West Vine Street, Kissimmee, Florida 34741, United States
See Similar DealsRetail24,088 SF
Sold 01/20/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$211
Total Square Footage:24,088 SF
Transaction Type:Sale
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.
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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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