Hassan Ladha Acquires Retail Property In Orlando From Carolyn Killick
SOLD
$2,300,000
Florida
See Similar DealsRetail2,452 SF
Sold 02/21/2023
SOLD
Hassan Ladha Acquires Retail Property In Orlando From Carolyn Killick
4225 East Colonial Drive
See Similar DealsRetail2,452 SF
Sold 02/21/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$938
Total Square Footage:2,452 SF
Transaction Type:Sale
The retail property located at 4225 East Colonial Drive in Orlando has been sold. The transaction took place on February 21, 2023, and the sale price for the property was $2,300,000. The property spans a total area of 2,452 square feet, resulting in a price per square foot of $938. The cap rate for this transaction was 5.41%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Market: Orlando
- Address: 4225 East Colonial Drive
- Buyer: Hassan Ladha
- Seller: Carolyn Killick
- Seller's Representative: Jonathan De La Rosa - Marcus & Millichap
- Square Footage: 2,452
- Price per Square Foot: $938
- Cap Rate: 5.41%
Jonathan De La Rosa from Marcus & Millichap acted as the seller's representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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