Sands Investment Group Brokers Sell Retail Property In Kissimmee For $5.4M
SOLD
$5,400,000
Florida
See Similar DealsRetail28,529 SF
Sold 12/29/2023
SOLD
Sands Investment Group Brokers Sell Retail Property In Kissimmee For $5.4M
4636 West Irlo Bronson Memorial Highway
See Similar DealsRetail28,529 SF
Sold 12/29/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$189
Total Square Footage:28,529 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 4636 West Irlo Bronson Memorial Highway in Kissimmee. The property encompasses approximately 28,529 square feet and was sold for a total price of $5,400,000, resulting in a price per square foot of $189.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,400,000
- Square Footage: 28,529
- Price Per Square Foot: $189
- Address: 4636 West Irlo Bronson Memorial Highway, Kissimmee
The transaction was facilitated by Justin Walker and Kaylan Knitowski from Sands Investment Group. They represented the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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