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4636 West Irlo Bronson Memo...

Sands Investment Group Brokers Sell Retail Property In Kissimmee For $5.4M
SOLDRetail

Sands Investment Group Brokers Sell Retail Property In Kissimmee For $5.4M

4636 West Irlo Bronson Memorial Highway

$5,400,000

$189/SF

Building Size

28,529 SF

Asset Type

Retail

Closing

Dec 29, 2023

AI

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.

Players

Justin Walker

Franklin Street

Broker

$72.8M

vol

12 deals

Broker

Prabhu Anand

Buyer

$8.3M

vol

2 deals

Buyer

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93