Hassan Ladha Acquires Retail Property In Orlando From Carolyn Killick
4225 East Colonial Drive
$2,300,000
$938/SF
Building Size
2,452 SF
Asset Type
Retail
Closing
Feb 21, 2023
AI
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.
Players
Market 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93